Badger Meter Price Target Lifted at Stifel
From Financial Modeling Prep: 2025-04-21 09:41:00
Stifel raises price target on Badger Meter (NYSE:BMI) to $200, maintains Hold rating. Firm notes strong momentum in advanced metering infrastructure adoption as key growth driver.
Minimal impact from recent tariffs reported by management, more noticeable effect expected in Q2 2025. Company has not implemented pricing adjustments yet, indicating confidence in managing potential cost increases. Biggest exposure is electronics sourced from China, but Mexico facility meets USMCA requirements, helping offset supply chain pressures.
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