Piper Jaffray Resumes Coverage on Smart Grid Sector: ENOC, PWR, DGII, ELT at Outperform, ELON, ITRI at Neutral

Piper Jaffray resumed coverage on several stocks in the Smart Grid sector Thursday morning:

EnerNoc (Nasdaq: ENOC), Power-One (Nasdaq: PWR), Digi Int'l (NYSE: DGII) and Elster Group (NYSE: ELT) started at Outperform; price targets are $16, $26, $21 and $14, respectively.

Echelon (Nasdaq: ELON) and Itron, Inc. (Nasdaq: ITRI) started at Neutral; price targets are $5 and $43, respectively.

Shares of Elster are up 4.5 percent this morning, while the rest of the group is up between 1-2 percent. The additional boost may be because Wunderlich Securities also started coverage on Elster with a Buy rating and $18 price target earlier.

Check out our Ratings Insider portal to get the most comprehensive and up-to-date analyst coverage on the Street.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• DA Davidson Starts Everus (ECG) at Buy
• BofA Securities Starts Mobility Global (MBGL) at Neutral
• Keefe, Bruyette & Woods Resumes Toronto-Dominion Bank (TD:CN) (TD) at Market Perform