Argus analyst Kristina Ruggeri raised the firm’s price target on Badger Meter (BMI) to $230 from $218 and keeps a Buy rating on the shares. This well-managed company has a long record of market outperformance and dividend growth supported by increased industry adoption of advanced metering infrastructure, the analyst tells investors in a research note. Badger Meter’s balance sheet is clean, and the company has recently signaled confidence in its outlook with a 26% dividend hike, the firm added.
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