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Stock impact report

Jefferies Initiates Badger Meter (BMI) with Buy Rating as Smart Water Demand Stays Intact [Yahoo! Finance]

Badger Meter, Inc. (BMI) 
Last badger meter, inc. earnings: 4/16 08:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
On December 12, Jefferies initiated coverage of Badger Meter, Inc. (NYSE:BMI) with a Buy rating and a $220 price target. The firm described Badger Meter as a leader in smart water metering and said the recent slowdown in growth stems from tough comparisons and a higher base. It is not a sign of weakening demand, the analyst said. The recent pullback, in Jefferies' view, creates “an attractive entry point for the name that compounds HSD organic growth,” the analyst added. Badger Meter, Inc. (NYSE:BMI) also brings a strong track record as a serial acquirer. Since 2010, the company has completed 14 acquisitions, steadily reinforcing its leadership position in water technology. Earlier this year, it announced the purchase of SmartCover Systems from XPV Water Partners for $185 million. In its third-quarter earnings update, management said it remains on track to deliver the expected sales and cost synergies tied to the SmartCover deal. As the company has added more software and techn Show less Read more
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