Itron price target raised to $110 from $85 at Stephens

Stephens analyst Tommy Moll raised the firm’s price target on Itron to $110 from $85 and keeps an Equal Weight rating on the shares after the company reported Q1 revenue and adjusted EPS well above the firm’s and consensus expectations. The firm expects shares to settle above $100 near-term given strong and improved run-rate performance, normalized supply chain dynamics, and signs of healthy underlying demand, the analyst tells investors.