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Fly News Breaks for December 5, 2016
ITRI
Dec 5, 2016 | 07:28 EDT
Oppenheimer analyst Noah Kaye raised his price target for Itron to $70 from $60 after the company presented a more focused vision and commitment to growth opportunities in software and services based recurring revenues. The analyst believes its open architecture networking solution, edge intelligence platform, and market leadership best position Itron among integrated meter manufacturers to benefit from that growth. He reiterates an Outperform rating on the shares.
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