Ituran Location & Control (ITRN) PT Raised to $57 at Freedom Capital Markets

Freedom Capital Markets analyst Sergey Glinyanov raised the price target on Ituran Location & Control (NASDAQ: ITRN) to $57.00 (from $49.00) while maintaining a Buy rating.

The analyst comments "Last quarter was quite strong for Ituran operations, thanks to disciplined execution and persistent foreign exchange tailwinds. New developments could help maintain growth in the subscriber base, while dividends and buybacks could help maintain the share price. We raise our price target to $57 and reiterate BUY rating."

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