Guggenheim upgraded Itron to Buy from Neutral with a $130 price target, citing the belief that the stock’s recent pullback provides investors with “a nice entry point.” The firm also thinks the company should be in a position to show improved bookings momentum as the year progresses and notes that its 2025 estimates are “moderately” above consensus.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ITRI:
- Itron price target raised to $120 from $115 at Canaccord
- Itron Prices Upsized $700 Million 1.375% Convertible Senior Notes Offering
- Itron to commence private offering of $500M convertible senior notes
- Itron Announces $500.0 Million Convertible Senior Notes
- Itron announces Integra is its first engage sales channel partner in Italy