Itron price target raised to $85 from $77 at TD Cowen

TD Cowen analyst Jeffrey Osborne raised the firm’s price target on Itron to $85 from $77 and keeps an Outperform rating on the shares. The firm said they are optimistic into the print as they expect Itron to raise its FY23 guidance consistent with its historical precedent of updating FY guidance with 2Q results.