Badger Meter (BMI) Misses Q3 EPS by 8c, Miss on Revenue

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Badger Meter (BMI) PT Lowered to $43 at Stifel on 3Q Miss; 'Softening in Municipal Metering Markets'

October 18, 2017 8:46 AM EDT

Stifel lowered its price target on Badger Meter (NYSE: BMI) to $43.00 (from $49.00) while maintaining a Hold rating, following the company's third quarter earnings report.

Analyst Nathan Jones notes a cautious outlook, as the company reported third quarter earnings per share and revenue results below consensus... More