Itron price target raised to $140 from $125 at Seaport Research

Seaport Research raised the firm’s price target on Itron (ITRI) to $140 from $125 and keeps a Buy rating on the shares. The company’s Q3 EPS were up strongly and beat consensus, leading the firm to raise its Q4 earnings estimate, the analyst tells investors. However, the firm is lowering its FY25 EPS and sales estimates, since Seaport now expects initial sales will be low ticket set-up project and metering deployment work.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See Insiders’ Hot Stocks on TipRanks >>

Read More on ITRI:

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Info icon

This data feed is not available at this time.

Data is currently not available

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.