Itron price target lowered to $125 from $145 at Oppenheimer

Oppenheimer analyst Noah Kaye lowered the firm’s price target on Itron (ITRI) to $125 from $145 and keeps an Outperform rating on the shares. The firm adjusted targets in the power technology group as part of a Q4 preview. While power prices are higher as overall power demand continues to grow, technology mix is starting to play a larger role in optimizing power costs with renewables mitigating price increases, the analyst tells investors in a research note.