Oscar Gruss upgrades Ituran Location & Control Ltd. (ITRN) to Buy
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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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