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Fly News Breaks for May 7, 2019
ITRI
May 7, 2019 | 08:23 EDT
As previously reported, Baird analyst Ben Kallo upgraded Itron to Outperform from Neutral, calling it the best pure-play smart grid company and recommending the stock for investors looking for exposure to the secular trends of efficiency, smart metering, and networking. He predicts margins will expand throughout the year and sees prior acquisitions and operational improvements driving "meaningful" earnings growth in the next 2-3 years, Kallo tells investors. He raised his price target on Itron shares to $62 from $56.
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