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Fly News Breaks for November 8, 2018
ITRI
Nov 8, 2018 | 08:10 EDT
Argus analyst John Staszak downgraded Itron to Hold, saying that while the company beat on Q3 earnings, it also lowered its guidance to reflect supply chain issues. The analyst adds that the stock has been underperforming the market for the past 3 months and shares trade in a bearish pattern of lower highs and lows dating back to November of 2017. Staszak also states that he does not have a "high degree of confidence" that the company can reach his expected FY19 EPS, but he may return Itron to a Buy rating if its earnings visibility improves.
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