Itron price target raised to $135 from $133 at Oppenheimer

Oppenheimer raised the firm’s price target on Itron (ITRI) to $135 from $133 and keeps an Outperform rating on the shares ahead of the Q1 report. The firm cites stronger electrification demand and margins for the target boost. With data center demand and the Iran conflict driving strength in power prices, on-premise power and microgrid unit economics are improving, the analyst tells investors in a research note.