JPMorgan initiated coverage of Badger Meter (BMI) with an Overweight rating and $230 price target Badger is a pioneering water technology company and has consistently led the industry in water metering innovation, the analyst tells investors in a research note. The firm views the company as an attractive core long-term holding for industrial and sustainability focused investors seeking exposure to “several multi-decade secular tailwinds,” including water scarcity and aging water infrastructure.
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