Baird Cuts Itron (ITRI) to Underperform; Shares Falling
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Price: $91.25 +0.03%
Rating Summary:
16 Buy, 17 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
16 Buy, 17 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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Shares of Itron (NASDAQ: ITRI) have tumbled more than 2 percent in pre-market trade Friday as an analyst at Robert W. Baird downgraded the stock from Neutral to Underperform earlier.
The firm reduced its price target on ITRI shares from $60 to $44.
After closing at $53.42 Thursday afternoon, the stock last traded at $52.26, down 2.2 percent ahead of the opening bell.
Baird's new price target implies potential downside of nearly 18 percent.
For more ratings news on Itron click here and for the rating history of Itron click here.
The firm reduced its price target on ITRI shares from $60 to $44.
After closing at $53.42 Thursday afternoon, the stock last traded at $52.26, down 2.2 percent ahead of the opening bell.
Baird's new price target implies potential downside of nearly 18 percent.
For more ratings news on Itron click here and for the rating history of Itron click here.
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