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ITRI

Itron

$65.25

-0.25 (-0.38%)

07:35
11/29/17
11/29
07:35
11/29/17
07:35

Itron downgraded to Hold from Buy at Argus

ITRI Itron
$65.25

-0.25 (-0.38%)

09/19/17
OPCO
09/19/17
NO CHANGE
Target $78
OPCO
Outperform
Itron, Silver Spring merger deal potentially transformative, says Oppenheimer
Oppenheimer analyst Noah Kaye says that Silver Spring (SSNI) merger announcement could become a pivotal moment in Itron's (ITRI) evolution. The analyst believes the proposed acquisition elevates Itron's technology leadership, adds significant backlog/installed base, and helps Itron become a nimbler company, better able to participate in higher growth verticals outside of the utility space. Kaye reiterates an Outperform rating and $78 price target on Itron's shares.
09/19/17
OPCO
09/19/17
NO CHANGE
OPCO
Oppenheimer moving to Not Rated on Silver Spring
Oppenheimer is taking its Silver Spring (SSNI) rating to Not Rated after Itron's (ITRI) announcement of an agreement to acquire the former.
09/22/17
09/22/17
DOWNGRADE
Target $16

Neutral
Silver Spring downgraded to Neutral from Buy at FBR Capital
FBR Capital analyst Carter Driscoll downgraded Silver Spring Networks (SSNI) to Neutral with a $16 price target saying the takeover by Itron (ITRI) makes sense.
10/12/17
JMPS
10/12/17
NO CHANGE
Target $102
JMPS
Outperform
Itron price target raised to $102 on Silver Spring deal potential at JMP Securities
JMP Securities analyst Joseph Osha said he sees possibilities for growth in EBITDA and free cash flow following Itron's (ITRI) planned combination with Silver Spring Networks (SSNI) that are not yet reflected in the stock. He also agrees with Itron's CEO that there is better revenue growth potential for the combined entity, but he is not yet including that in his model. Given his positive view of the deal's potential benefits, Osha raised his price target on Itron to $102 from $88 and keeps an Outperform rating on the shares.

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