Maxim cuts Badger Meter to Hold on ‘optimistic’ guidance

As previously reported, Maxim downgraded Badger Meter (BMI) to Hold from Buy. The company’s 2026 organic growth guidance of flat seems optimistic based on its Q1 results and Q2 outlook as it implies at least 7%-9% growth in the second half of the year, the analyst tells investors in a research note. Maxim adds it is cutting its 2026 EPS view to $4.39 from $5.32.