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Wunderlich Reiterates Hold on Itron (ITRI)

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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.

 

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