Oscar Gruss upgrades Ituran Location & Control Ltd. (ITRN) to Buy
More News related to ITRN
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- UBS Downgrades Ituran (ITRN) to Neutral
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- Canaccord Initiates Coverage on Ituran (ITRN) with a Buy, Sees Significant Upside From Defensible Business Model and Brazilian Opportunity
Oscar Gruss upgrades Ituran Location & Control Ltd. (Nasdaq: ITRN) from Hold to Buy with a $14 price target.
The firm said, "Following a change in management coupled with the introduction of a new strategic plan in the company's Brazilian subsidiary, we believe that the performance setbacks have been resolved. We encourage investors to look beyond the quarter's results, which may be overshadowed by a financial loss weighing on the company's bottom-line." [LJ]
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