Badger Meter (BMI) PT Raised to $175 at Stifel

Stifel analyst Nathan Jones raised the price target on Badger Meter (NYSE: BMI) to $175.00 (from $147.00) while maintaining a Hold rating.

The analyst comments "We maintain our Hold rating on BMI shares with a $175 target price. The AMI conversion story, and Badger's ability to capitalize on it, continues to outperform expectations and with only an estimated 35% market penetration the cycle should have legs."

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