RBC Capital lowered the firm’s price target on Badger Meter (BMI) to $191 from $229 and keeps an Outperform rating on the shares. The company delivered a modest Q4 operating beat driven by better gross margins, though its 2% organic growth missed the firm’s 7% estimate, the analyst tells investors in a research note. RBC adds however that Badger impressively won one of the world’s largest AMI deployment contracts in Puerto Rico, covering 1.6 million service connections.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BMI:
- Badger Meter price target lowered to $167 from $185 at Deutsche Bank
- Badger Meter price target lowered to $166 from $215 at Stifel
- Badger Meter price target lowered to $165 from $205 at Baird
- Badger Meter price target lowered to $136 from $157 at Barclays
- Badger Meter Earnings Call: Growth, Margins, and 2026 Setup