Baird lowered the firm’s price target on Badger Meter (BMI) to $216 from $218 and keeps a Neutral rating on the shares. The firm upated its model following its Q1 results where margins beat and tariff costs appear to be manageable.
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Read More on BMI:
- Badger Meter Stock (BMI) Surges as Q1 Profit Soars Past Expectations
- Badger Meter Shows Strong Q1 Growth with Strategic Acquisition
- Badger Meter’s Earnings Call: Cautious Optimism Amid Growth
- Badger Meter reports Q1 EPS $1.30, consensus $1.05
- Badger Meter price target lowered to $196 from $209 at Stifel