Seaport Research initiated coverage of Itron with a Buy rating and $80 price target. The firm believes the company is “turning the corner” after an elongated period of weak earnings and views Itron as poised to leverage its strong market positions, improving execution, and large backlog into “more top-line consistency,” the analyst tells investors.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on ITRI:
- Itron initiated with a Neutral at Guggenheim
- Itron teams with JEPCO to advance company’s digital transformation
- Hawaiian Electric upgraded, CVS downgraded: Wall Street’s top analyst calls
- Argus upgrades Itron to Buy amid strong demand, increased infrastructure spend
- Itron upgraded to Buy from Hold at Argus