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Enter Symbol:
Rating: ITRN
Neutral
down 13.00 %

UBS downgraded Ituran Location And Control Ltd. (NASDAQ: ITRN) to Neutral

Tuesday,  Feb 24, 2009  8:25 AM ET by Lynn Gilbert

UBS downgraded Ituran Location And Control Ltd. (NASDAQ: ITRN) to Neutral. Previously, UBS rated Ituran Location And Control Ltd. (NASDAQ: ITRN) to Buy with price target
$8.50 on 11/25/2008, when the stock price was valued at $6.88. Since then, Ituran Location And Control Ltd.'s stock price has lost 13% as of 02/24/2009's recent price of $5.99.
If you had followed UBS's previous recommendation on ITRN, you would have lost 13% of your investment in 91 days.

Ituran Location and Control Ltd. (Ituran) is mainly engaged in the area of location-based services, consisting of stolen vehicle recovery and tracking services. The Company operates in two segments: location-based services and wireless communication products. The Company provides its services and sells its products in Israel, Brazil, Argentina and the United States. Mapa Mapping and Publishing Ltd. and Mapa Internet Ltd. (Mapa) are the Subsidiaries of the Company. Mapa provides geographic information (GIS) in Israel and is the owner of geographic information database for navigation in Israel.

UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. With headquarters in Zurich and Basel, Switzerland, UBS operates in over 50 countries and from all major international centers. UBS employs more than 80,000 people.



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