In a report released today, Tate Sullivan from Maxim Group reiterated a Buy rating on Badger Meter (BMI – Research Report), with a price target of $190.00.
Tate Sullivan’s Buy rating for Badger Meter’s stock is influenced by numerous factors. Firstly, he has observed a potential global opportunity in the field of water quality monitoring. This potential market expansion is expected to positively impact the company’s financial performance in the long run. Additionally, Sullivan has based his rating on the company’s impressive third quarter results, which surpassed expectations.
Moreover, he has increased his price target for the stock to $190, indicating his belief in the company’s strong growth prospects. Sullivan’s confidence in Badger Meter is further supported by his decision to reiterate the Buy rating despite the recent market fluctuations. This suggests his belief that the company’s current position and future potential outweigh any immediate risks, making it a good investment choice.
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Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is neutral on the stock.
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Badger Meter (BMI) Company Description:
Badger Meter, Inc. engages in the provision of flow measurement, control products, and communications solutions that serves water utilities, municipalities, and commercial and industrial customers worldwide. Its products are classified into two categories: Municipal Water and Flow Instrumentation. Municipal water products comprises of water meters and related technologies to municipal water utilities. Flow Instrumentation products includes meters and valves sold worldwide to various industries for water and other fluids. The company was founded in 1905 and is headquartered in Milwaukee, WI.
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