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Fly News Breaks for December 11, 2015
ITRI
Dec 11, 2015 | 07:43 EDT
Canaccord noted Itron shares have underperformed the market for several years, but the firm believes conditions are in place to become more constructive on the stock. The firm sees the company's initial restructuring efforts adding to core earnings power, end market and M&A multiple improvement, its new CEO, and recent activist interest as reasons to be optimistic. Canaccord reiterated its Buy rating and $45 price target on Itron shares.
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