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Fly News Breaks for May 7, 2019
ITRI
May 7, 2019 | 07:22 EDT
Oppenheimer analyst Noah Kaye raised his price target for Itron to $68 from $60, noting that the company started 2019 strong, topping consensus Q1 adjusted EBITDA by 28% on healthy sales and improved operating leverage. As the analyst updates his medium-term outlook, he sees the combination of improving supply issues and confidence in targeted $70M in 2019-2020 synergies as encouraging. He reiterates an Outperform rating on the shares.
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