Roth MKM Initiates Coverage On Itron with Buy Rating, Announces Price Target of $82
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Chip Moore has initiated coverage on Itron (NASDAQ:ITRI) with a Buy rating and set a price target of $82 for the company's stock.
December 05, 2023 | 9:10 am
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POSITIVE IMPACT
Roth MKM analyst Chip Moore has initiated coverage on Itron with a Buy rating and a price target of $82, which could positively influence the stock's performance in the short term.
Analyst coverage, especially with a Buy rating, tends to generate positive sentiment among investors and can lead to an increase in stock price. The announcement of a price target above the current market price suggests an expectation of growth, which may influence investors to share this optimism in the short term.
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