Itron price target raised to $110 from $100 at Oppenheimer

Oppenheimer raised the firm’s price target on Itron to $110 from $100 and keeps an Outperform rating on the shares. Itron handily beat Q1 top and bottom line estimates while guiding Q2 midpoints above the Street, the analyst tells investors in a research note. Demand trends appear robust, and the firm believes Itron’s role as a critical enabler of grid reliability, efficiency and decarbonization should reap incremental value amid load growth from data centers, transport/heating electrification and reindustrialization.