Alert: Rating Upgrade (11/10/23)-Itron Inc (NASDAQ: ITRI).


Stock Rating Upgrade

Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Itron Inc (NASDAQ: ITRI) improved of late. ITRI’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.


Recent Price Action

Itron Inc (NASDAQ: ITRI) stock increased 1.1% on 11/10/23. The shares closed at $63.34. The stock has been exceptionally strong relative to the market over the last nine months but has declined -1.2% during the last week.

Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to be above the cost of capital, ITRI is expected to continue to be an important Value Builder.

Itron has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Itron has a poor Appreciation Score of 28 but a very high Power Rating of 97, triggering the Positive Value Trend Rating.

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