RBC Capital initiated coverage of Badger Meter (BMI) with an Outperform rating and $251 price target The firm cites the company’s highest five-year organic revenue and EPS growth rates among its peers under coverage, also noting that in addition to its leadership in smart water meters and attractive global growth dynamics, Badger Meter has strategically moved into water test, the analyst tells investors in a research note. The stock’s valuation premium is warranted given the company’s growth trajectory and scarcity value, RBC adds.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BMI:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue