Ian Howat, an analyst at National Bank Financial, is cited in today's Globe and Mail as having a bullish outlook for Cameco (NYSE CCJ).

Howat stated in a research report "We still view Cameco as the premier way to play the uranium markets for which we still have a positive outlook even though we have lowered our near-term prices".

Howat predicts CCJ will hit $44 within the next 12 months.