RBC Capital raised the firm’s price target on Badger Meter (BMI) to $252 from $238 and keeps an Outperform rating on the shares. The company reported a strong 25% operating beat, stating that while topline was mostly as-expected, organic water metering demand was better at 12% vs. its 9% estimate, the analyst tells investors in a research note. Badger also confirmed that its Mexico facility is exempt from tariffs given USMCA compliance, RBC adds.
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