Information Provided By:
Fly News Breaks for August 1, 2016
ITRI
Aug 1, 2016 | 07:20 EDT
Canaccord raised its price target on Itron to $50 from $45 as they believe conditions are in place to become constructive on the shares. The firm cited restructuring efforts that will lead to core earnings power, end-market and M&A multiple improvement, and recent activist investor interest. Canaccord reiterated its Buy rating on Itron shares.