Canaccord Genuity Initiates Coverage On Itron with Hold Rating, Announces Price Target of $68
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Austin Moeller has initiated coverage on Itron (NASDAQ:ITRI) with a Hold rating and set a price target of $68. This new coverage could influence investors' perceptions and decisions regarding Itron's stock.
December 01, 2023 | 5:24 pm
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Canaccord Genuity has initiated coverage on Itron with a Hold rating and a price target of $68, potentially affecting investor sentiment and the stock's market performance.
The initiation of coverage by Canaccord Genuity with a Hold rating and a specific price target provides new information for the market to digest. However, a Hold rating suggests a neutral outlook, which may not significantly move the stock price in the short term. The price target of $68 offers a reference point for investors but does not imply a strong bullish or bearish stance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100