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Enter Symbol:
Rating: ITRN
Underweight $15.50

JP Morgan downgraded Ituran Location And Control Ltd. (NASDAQ: ITRN) to Underweight with price target $15.50

Monday,  Mar 1, 2010  8:25 AM ET by Lynn Gilbert

JP Morgan downgraded Ituran Location And Control Ltd. (NASDAQ: ITRN) to Underweight with price target $15.50. Previously, JP Morgan rated
Ituran Location And Control Ltd. (NASDAQ: ITRN) to Neutral on 12/01/2008, when the stock price was valued at $7.50. Since then, Ituran Location And Control Ltd.'s stock price has gained 102% as of 03/01/2010's recent price of $15.13.

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.

JPMorgan is a leading financial services firm with one of the largest client franchises in the world. We partner with our clients to offer the most complete and innovative solutions in the industry to help them achieve their goals. For more than 200 years, we have taken a long-term approach to our clients and to the way we conduct business. Our firm has grown considerably in scale and scope, but our commitment to our core principle of doing "only first-class business... in a first-class way" has never been stronger.



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