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Itron, Inc. Message Board

  • zinskystill zinskystill Aug 3, 2010 11:49 AM Flag

    Canaccord analyst says

    August 3, 2010 11:11 AM EDT

    Canaccord Genuity reiterates a 'Buy' on Itron (Nasdaq: ITRI), price target $80.

    Canaccord analyst says, "While the news implying a Silver Spring Networks AMI selection at BG&E was disappointing to the Street, we do not see it as worthy of despair (or a change in our thesis), as very strong FCF visibility through ’11, a broad and international platform, and a culture of management competitiveness stay very much intact. We reiterate our rating as headline risk now lessens as Street qualitative expectations get re-set."

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