Iteris price target raised to $7 from $6 at EF Hutton

EF Hutton raised the firm’s price target on Iteris to $7 from $6 and keeps a Buy rating on the shares post the December quarter report. The one shortfall was new order bookings coming in light at only 1% growth versus the firm’s 16% forecast, the analyst tells investors in a research note. The firm says the bookings pushout is masking Iteris’ market share gains.