Argus analyst Kristina Ruggeri has increased the price target for Badger Meter (BMI, Financial) to $240 from the previous $235, maintaining a Buy rating on the stock. This decision follows the company's impressive performance in its first-quarter earnings report.
Ruggeri highlighted Badger Meter’s consistent market outperformance, driven by strategic advancements in metering technology and solid dividend growth. The analyst pointed out that the company's success is largely due to the increasing industry shift towards advanced metering infrastructure.
Investors have been advised that Badger Meter's strong management and strategic positioning continue to make it a compelling investment opportunity.
