Itron Announces Third Quarter 2022 Financial Results

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Itron (ITRI) PT Lowered to $55 at Cowen

November 3, 2022 1:24 PM EDT

Cowen analyst Jeffrey Osborne lowered the price target on Itron (NASDAQ: ITRI) to $55.00 (from $61.00) while maintaining an Outperform rating.

The analyst commented, "Itron's 3Q22 results missed expectations as volatility of chip availability continued, resulting in supply chain pressures and manufacturing inefficiencies. Management remained upbeat... More