Iteris price target raised to $7 from $6 at Northland

Northland analyst Michael Latimore raised the firm’s price target on Iteris to $7 from $6 and keeps an Outperform rating on the shares after having attended Intelligent Transportation Systems Americas this week and coming away with the belief that Iteris’s ClearMobility platform "fits perfectly into the transportation sector’s goal of moving to digital and cloud platforms from on-premises." The firm also believe Iteris had a "strong" Q4, the analyst noted.