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Fly News Breaks for February 27, 2018
ITRI, SSNI
Feb 27, 2018 | 05:54 EDT
Canaccord Genuity analyst Chip Moore upgraded Itron to Buy from Hold and raised his price target for the shares to $84 from $78. The analyst has increased conviction in the company's forward earnings power and finds current share levels a "very compelling" entry point. He notes the stock is down 10% since the SilverSpring Networks deal announcement back in September. Moore's views the combination as compelling and has increased confidence in cost saving potential post close.
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