Itron price target raised to $105 from $91 at Piper Sandler

Piper Sandler raised the firm’s price target on Itron to $105 from $91 and keeps an Overweight rating on the shares. The firm notes the company reported a strong Q4 as margins and EBITDA significantly exceeded expectations. Forward guidance was positive, with adjusted EPS of $3.60/share coming in 15% ahead of Street expectations.