Itron price target raised to $95 from $85 at TD Cowen

TD Cowen raised the firm’s price target on Itron to $95 from $85 and keeps an Outperform rating on the shares. The firm said 2Q results were much stronger than expected coupled with a very strong 3Q23 guide. Improved component availability and strong operation execution drove the beat and the company believes it is well positioned to maintain its operation momentum through 2H23.