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."
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Shares of Itron closed at $71.84 yesterday.