Stifel raised the firm’s price target on Badger Meter (BMI) to $230 from $200 and keeps a Hold rating on the shares. After having hosted the CEO and CFO for investor meetings in Denver last week, the firm came away confident in continued strong growth and margin expansion, but views the shares as “fully valued at this level,” the analyst tells investors.
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Read More on BMI:
- Raymond James starts Badger Meter at Market Perform on peak margin concerns
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- Badger Meter price target raised to $240 from $235 at Argus
- Strong Financial Performance and Strategic Initiatives Drive Buy Rating for Badger Meter
- Badger Meter price target raised to $252 from $238 at RBC Capital
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