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Fly News Breaks for September 2, 2016
ITRI
Sep 2, 2016 | 07:55 EDT
Canaccord analyst John Quealy said Itron shares continue to have a favorable risk/reward at current levels. The analyst noted the company's earnings power as reflected in its Q2 report, strong revenue growth, solid operational performance, and new restructuring initiatives. Quealy reiterated his Buy rating and raised his price target to $57 from $50 on Itron shares.
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