The Globe and Mail reports in its Wednesday, March 26, edition that while Scotia Capital analyst Orest Wowkodaw sees uranium market fundamentals remaining "positive despite the weakness in spot prices," he lowered his share targets for Cameco to $81 from $85, Denison Mines to $3.75 from $4.75 and NexGen Energy to $11.50 from $12. The Globe's David Leeder writes that the share target averages on the Street for Cameco, Denison and NexGen are $80.95, $4.02 and $13.62. Mr. Wowkodaw continues to rate all three companies "sector outperform." Mr. Wowkodaw says in a note: "In the near term, we forecast the market to remain in a large structural deficit equal to 4.9 per cent of annual demand until 2030. ... Although material planned supply growth has the potential to push the market into modest oversupply starting in 2031, execution risks remain elevated. On the demand side, the growing agendas of decarbonization, energy independence and power security are expected to drive meaningful long-term growth in nuclear despite the uncertain build pace of new energy-intensive AI/data centres. Led by China, global nuclear capacity is forecast to increase by 12 per cent by 2030, 30 per cent by 2035, and by 50 per cent by 2040."