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ITRI

Itron

$60.88

0.48 (0.79%)

07:55
06/27/19
06/27
07:55
06/27/19
07:55

Itron to host investor day

Investor day to be held in New York, NY on June 27 at 8:30 am. Webcast Link

  • 27

    Jun

ITRI Itron
$60.88

0.48 (0.79%)

05/07/19
BARD
05/07/19
UPGRADE
Target $62
BARD
Outperform
Baird sees Itron as best smart grid pure-play, upgrades to Outperform
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.
05/07/19
OPCO
05/07/19
NO CHANGE
Target $68
OPCO
Outperform
Itron price target raised to $68 from $60 at Oppenheimer
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.
05/07/19
BARD
05/07/19
UPGRADE
BARD
Outperform
Itron upgraded to Outperform from Neutral at Baird
02/28/19
JMPS
02/28/19
NO CHANGE
Target $72
JMPS
Outperform
Itron price target lowered to $72 from $80 at JMP Securities
JMP Securities analyst Joseph Osha said Itron reported December quarter results that were pretty much in line with his estimates with "no big surprises. He is less convinced that a big recovery is underway on gross margin following the company's report and call and reduced his estimates for both 2019 and 2020, leading Osha to cut his price target on Itron shares to $72. However, he keeps an Outperform rating and continues to see value in the stock, "in part simply because the model is recovering from relatively low margins," Osha stated.

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