Marquette Bmi Report

Badger Meter, Inc. (BMI) holds a 'hold' rating with a price target of $23, supported by strong market opportunities and a solid balance sheet, although growth is hindered by municipal funding pressures and a global industrial slowdown. The company specializes in water metering technologies and maintains a stable market position, contributing significantly to both residential and industrial markets. Despite a profitable AMR segment, competition and pricing pressures are potential risks for future profitability.