UPDATE: Wunderlich Securities Raises Price Target on Itron to $30
According to Wunderlich Securities, Itron (NASDAQ: ITRI) price target is raised to $30.
Wunderlich Securities said that Itron, Inc. (ITRI) reported 4Q11 results last night after the close and handily beat estimates. “As of this note we have switched to non-GAAP earnings in our determination of price target and are raising it to $30 from $22. We reiterate our Sell rating on ITRI shares.”
Itron closed yesterday at $40.11.
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