Argus Upgrades Badger Meter (BMI) to Buy

Argus analyst John Eade upgraded Badger Meter (NYSE: BMI) from Hold to Buy with a price target of $170.00.

The analyst comments "Our rating on Badger Meter Inc. (NYSE: BMI) is BUY, raised from HOLD. Badger Meter is a clean energy company that sells smart water products and services, such as real-time water-quality monitoring, pressure monitoring, and software to municipal water utilities, as well as flow instrumentation and measurement products for water, oil, and chemicals. This small-cap company has a long record of earnings and dividend growth supported by increased industry adoption of advanced metering infrastructure. Though recent results have fallen below management's long-term targets, business conditions are starting to improve. BMI's balance sheet is clean, and the company recently signaled confidence in its outlook with a 10% dividend hike."

For an analyst ratings summary and ratings history on Badger Meter click here. For more ratings news on Badger Meter click here.

Shares of Badger Meter closed at $155.95 yesterday.

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