Needham & Company Maintains a 'Buy' on Itron (ITRI); Analyst Day: Outlook Remains Positive, But A Deal Might Make It Better

Needham & Company maintains a 'Buy' on Itron (NASDAQ: ITRI), PT lowered from $68 to $63.

Needham analyst says, "We believe ITRI is facing solid long-term growth prospects across all applications (electric, gas, water), but generating a 15%
CAGR through 2015 (and EBITDA expansion) will require crisp execution and smart M&A. We view management’s goals as somewhat bold, but we remind investors that ITRI is no stranger to M&A and has the ability to make large deals to supplement its strategy and growth."

For more ratings news on Itron click here and for the rating history of Itron click here.

Shares of Itron closed at $53.42 yesterday.

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