Itron price target raised to $115 from $108 at Baird

Baird analyst Ben Kallo raised the firm’s price target on Itron to $115 from $108 and keeps an Outperform rating on the shares. The firm said they hosted its first Investor Day since 2021 highlighting its technology, business evolution to higher mix of better margin products, and provided solid 2027 targets which do not include any future M&A.