Wunderlich Reiterates Hold on Itron (ITRI)
Wunderlich is out with its report today on Itron (NASDAQ: ITRI), reiterating Hold.
In a note to clients, Wunderlich writes, "We believe revenue growth for Itron, Inc. may have peaked in the near term and that barring a significant uptick in housing starts, revenue may begin to decline in late 2012 as stimulus-funded spending declines. The first test of this view will come this week when ITRI reports 4Q10. We reiterate our Hold rating and $63 price target on ITRI shares."
Shares of ITRI closed Monday at $63.90.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted-In: Itron WunderlichAnalyst Color Price Target Analyst Ratings