The Globe and Mail reports in its Friday, July 3, edition that RBC Capital Markets analyst Alistair Rankin elevated his recommendation for Australia-based Paladin Energy to "outperform" from "sector perform. The Globe's David Leeder writes in the Eye On Equities column that Mr. Rankin boosted his share target to $13.50 (Australian) from $11 (Australian). Analysts on average target the shares at $12.37 (Canadian). Mr. Rankin says in a note: "Patterson Lake South (PLS) is shaping up to be one of the most significant uranium developments globally, and we have lifted our valuation driven by both its probability of development and its ultimate scale. With indigenous opposition risk materially lower than perceived, MBAs secured with key first nations, and Atlas pointing to a meaningfully larger resource, we upgrade Paladin and see substantial further upside potential."