Badger Meter price target raised to $204 from $160 at Argus

Argus raised the firm’s price target on Badger Meter to $204 from $160 and keeps a Buy rating on the shares after its Q1 earnings beat. The company again achieved record results and maintained a strong backlog, and Badger Meter looks well-positioned for the future given its focus on smart water products, operational efficiency and security offerings, the analyst tells investors in a research note.