Iteris price target raised to $4.50 from $3.50 at B. Riley

B. Riley analyst Jeff Van Sinderen raised the firm’s price target on Iteris to $4.50 from $3.50 and keeps a Buy rating on the shares post the fiscal Q3 beat. The impact of supply chain headwinds substantially eased, as the company’s circuit board build-around initiatives took hold, the analyst tells investors in a research note.