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

ReutersOct 31, 2025 10:33 AM

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

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