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Ituran management to meet with Jefferies
Meeting to be held in New York on January 14 hosted by Jefferies.
Ituran initiated with a Buy at Jefferies
Jefferies analyst Bret Jordan started Ituran with a Buy rating and $35 price target. The company is positioned for continued subscriber growth and longer-term margin expansion, Jordan tells investors in a research note. He believes Ituran's "strong" market share in Israel, along with with favorable market conditions in Brazil from high vehicle theft and uninsured motorist population, should drive earnings growth.
Ituran assumed with a Buy at Jefferies
Jefferies analyst David Kelley assumed coverage of Ituran Location & Control with a Buy rating and $41 price target. The analyst believes the company's "long-standing expertise" in location-based services positions it for "robust" subscriber growth as the global vehicle population expands.
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