Badger Meter price target raised to $147 from $142 at Stifel

Stifel raised the firm’s price target on Badger Meter to $147 from $142 and keeps a Hold rating on the shares. Badger “turned in another strong quarter ending the year,” with record revenue and margins, “again,” notes the analyst, who thinks the structural shift to AMI has “many years to run and will continue to provide Badger with strong organic growth and gross margin tailwinds.”