Baird Downgrades Itron (ITRI) to Neutral

Baird analyst Ben Kallo downgraded Itron (NASDAQ: ITRI) from Outperform to Neutral.

The analyst comments "Itron reported weaker than expected 2Q21 results and lowered its guidance for 2021. The shortfall was due to COVID related supply chain issues – mostly involving semiconductor supply. We are lowering our estimates and downgrading to Neutral as we await clarity on both supply chains issues and competitive positioning."

For an analyst ratings summary and ratings history on Itron click here. For more ratings news on Itron click here.

Shares of Itron closed at $71.84 yesterday.

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