NEW YORK (TheStreet) -- Stifel Nicolaus has upgraded Itron (ITRI) on Friday, one of the few analyst firms to do so. The firm upgraded shares to "hold" from "sell," noting that the worst news appears to already be factored into the stock.
A day earlier, JPMorgan, Brean Capital and Canaccord Genuity downgraded the stock following lower-than-expected guidance from the company.
The company, which makes electrical meters for the energy sector, expects fiscal 2014 earnings between $1.30 and $1.80 a share with sales of $1.825 million to $1.925 billion. Analysts surveyed by Thomson Reuters had predicted earnings of $2.04 a share on $1.91 billion in revenue.
- You can view the full analysis from the report here: ITRI Ratings Report
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