** Oppenheimer hikes PT on energy and water resource management firm Itron ITRI.O to $133 from $125, maintains rating at "outperform"
** New PT implies a 37.9% upside from the stock's last close
** Itron on Tuesday posted Q4 adjusted profit above Wall Street estimates
** "Grid Edge Intelligence platform adoption drove strong financial results in the fourth quarter" - CEO Tom Deitrich
** Brokerage says Itron poised for continued margin expansion and faster deleveraging as recurring revenue grows and its asset-light model scales
** Also lifts co's 2026 adjusted EPS forecast to $5.93 from $5.53
** Eleven of 13 brokerages rate the stock "buy" or higher, two "hold"; their median PT is $143.12 - data compiled by LSEG
** As of last close, ITRI up 3.8% YTD
(Reporting by Apratim Sarkar in Bengaluru)
((Apratim.Sarkar@thomsonreuters.com))