The Globe and Mail reports in its Thursday, Nov. 2, edition that Eight Capital analyst Ralph Profiti is sticking with his "buy" recommendation for Cameco. The Globe's David Leeder writes in the Eye On Equities column that Mr. Profiti gave his share target a $5 boost to $65. Analysts on average target the shares at $63.85. Mr. Profiti expects Cameco to continue to trade at the high-end of historical ranges after better-than-anticipated third quarter results. Mr. Profiti says in a note: "We believe that Cameco remains well-positioned for improved financial performance driven by our forecasts of rising uranium prices, exposure to market-related contract terms (albeit limited), improved cost structure as Cigar Lake and McArthur River reach licensed production rates, and the benefits of vertical integration in the uranium and fuel services businesses through the pending acquisition of a 49-per-cent stake in the Westinghouse Electric JV. Increased interest from traditional resource investors, energy investors, clean energy investors, infrastructure investors and generalists, reinforces our view of peak-uranium P/NAV multiples of 1.6-1.8 times for Cameco reflective of uranium 'bull markets.'"