Badger Meter price target lowered to $265 from $275 at Seaport Research

Seaport Research analyst Scott Graham lowered the firm’s price target on Badger Meter (BMI) to $265 from $275 and keeps a Buy rating on the shares. The firm is increasing its sales estimates on the stock but also expects operating expenses to run higher and EPS remain relatively flat over the next three quarters, the analyst tells investors.