J.P.Morgan, Oppenheimer cut Itron PT on weak hardware sales

Itron

31/10/2025 10:33

** Brokerages lower PT on energy and water resource management firm Itron ITRI.O as hardware sales slow, with utilities delaying projects amid regulatory and planning uncertainties

** Co on Thursday posted Q3 adj. profit and revenue above Wall Street estimates

** J.P.Morgan says co's FY26 revenue may lag unless Q4 orders rebound, as project delays and inflation strain customer budgets

     ** Oppenheimer adds co expects margins to stay strong, supported by a better product mix and growing demand for software solutions

** Average of 13 brokerages rate the stock "hold", their median PT is $145 - data compiled by LSEG

** As of last close, stock up 0.5% YTD

Brokerages
New PT
Old PT
Upside from the stock's last closing
Rating
J.P.Morgan
$141
$155
29.4%
Overweight
Oppenheimer
$145
$155
33%
Outperform

 (Reporting by Apratim Sarkar in Bengaluru)

 ((Apratim.Sarkar@thomsonreuters.com))