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Fly News Breaks for September 19, 2017
SSNI, ITRI
Sep 19, 2017 | 08:03 EDT
Oppenheimer analyst Noah Kaye says that Silver Spring (SSNI) merger announcement could become a pivotal moment in Itron's (ITRI) evolution. The analyst believes the proposed acquisition elevates Itron's technology leadership, adds significant backlog/installed base, and helps Itron become a nimbler company, better able to participate in higher growth verticals outside of the utility space. Kaye reiterates an Outperform rating and $78 price target on Itron's shares.
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