Wunderlich Securities Maintains Hold Rating On ITRI

Wunderlich Securities has issued a report reiterating the Hold Rating on Intron ITRI in anticipation of the 1Q11 results reporting on Wednesday, April 27. In the report Wunderlich writes, "We believe the company will meet or beat consenus revenue and non-GAAP EPS of $550 million and $0.94, respectively. Despite that, we believe revenue growth for Itron has peaked in the near term and barring a significant uptick in housing starts, revenue may begin to decline in late 2012 as stimulus-funded spending declines." ITRI has a $63 Price Target and closed at $54.30 a share yesterday.