BUZZ-Cameco Corp: Cowen cuts rating, price target

Thu Aug 21, 2014 3:51pm EDT
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** Uranium producer's U.S. listed shares down 4.4 pct at $19.66 in late afternoon trading

** Analysts at Cowen and Co downgrade the stock to "market perform" from "outperform"

** Cut price target to $20 from $25

** "We reassessed our uranium market outlook and expect that a meaningful recovery in pricing will not surface until 2017," the analysts said in a note

** Out of the 13 analysts covering the NYSE-listed stock, nine have a "hold" rating, two have "buy" and two have "strong buy", according to Thomson Reuters data