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Fly News Breaks for November 14, 2016
ITRI
Nov 14, 2016 | 09:10 EDT
Needham analyst Sean Hannan raised his price target for Itron to $66 from $60 as he sees more upside opportunity to his current model as well as opportunities for multiple expansion. The analyst believes Itron has not only turned the ship with some fairly consistent execution, but he also maintains the view that its top-line and particularly earnings have a long positive runway the next few years due to projects-in-hand and the long-term nature of deployments. Hannan reiterates a Buy rating on the shares.
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