Loading...
Loading...
Canaccord Genuity maintained its Buy rating and $58 price target on Itron
ITRI.
Canaccord Genuity stated in the report, "While ‘12 is in transition (restructuring, CEO search, tough compares), the deep product platform (and secular shift toward digital meters) continues to generate solid cash flow and supports our bullish outlook. In sum, we find Itron positioned as perhaps one of the best “value-based” growth stocks in our universe, as the discount to fair market value is the most glaring in memory given the two recent take-outs of key competitors (L+G and Elster), with our math suggesting a theoretical ~$55 price by extrapolating similar multiples."
ITRI closed at $43.44 on Tuesday.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in