RBC Lowers Badger Meter Price Target to $191 Citing AMI Timing; Maintains Outperform
RBC Capital reduced its 12-month price target on Badger Meter (BMI) from $229 to $191 while keeping an Outperform rating. The stock, trading near $146.32 and close to a 52-week low after a roughly 30% decline over the past year, posted a modest operating beat in Q4 2025 driven by improved gross margins but delivered softer organic growth than RBC e…