The Globe and Mail reports in its Tuesday, Oct. 6, edition that National Bank Financial analyst Mohamed Sidibe believes a potential initial public offering of Westinghouse Electric could be a "visible value discovery catalyst" for both Cameco and Brookfield Renewable Partners. The Globe's David Leeder writes in the Eye On Equities column that Westinghouse, which is jointly owned by Cameco and Brookfield Renewable, is seeking a valuation of more than $50-billion (U.S.) (all figures Canadian unless otherwise stated). Mr. Sidibe has an "outperform" rating and $185 share target for Cameco. Analysts on average target Cameco shares at $177.95. Mr. Sidhu has an "outperform" rating and $38 (U.S.) target for Brookfield Renewable units, which exceeds the average by 21 U.S. cents. Mr. Sidibe says in a note: "The prospect of a Westinghouse IPO and both Cameco's and Brookfield Renewable's recent pullback have prompted three investor questions: how much of Westinghouse the stocks already reflect and what an IPO could daylight, whether Cameco and Brookfield Renewable will keep their 49-per-cent and 10.8-per-cent interest, respectively, and what is driving the broader weakness in uranium and renewable equities."
© 2026 Canjex Publishing Ltd. All rights reserved.