Badger Meter price target lowered to $264 from $284 at RBC Capital

RBC Capital analyst Jeffrey Reive lowered the firm’s price target on Badger Meter (BMI) to $264 from $284 and keeps an Outperform rating on the shares. The firm sees no change to the attractive longer-term growth opportunity in the Badger Meter story despite the share sell-off on the modest Q2 operating miss, the analyst tells investors in a research note. The firm would buy shares on the pullback.