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Fly News Breaks for October 29, 2018
ITRI
Oct 29, 2018 | 07:36 EDT
Canaccord analyst Chip Moore noted Itron shares are trading near fresh 52-week lows, which he believes is fully baking in the expectation of persistent component shortage impacts. The analyst said conditions are in place to once again become constructive on the shares. Moore reiterated his Buy rating and $84 price target on Itron shares, citing conservative synergy assumptions with its Silver Spring acquisition, their combined competitive positioning, and the stock's attractive valuation.
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