Canaccord Genuity Reiterates Hold On Badger Meter Shares, $52 PT
In a research report issued today, Canaccord Genuity analyst John Quealy reiterated a Hold rating on Badger Meter (NYSE:BMI) with a price target of $52.00.
Quealy noted, “We expect Badger will continue to benefit from favorable demand for water/flow measurement and conservation technologies in the future. While we historically have had no issues paying a premium for shares in general, we feel risk/reward is more balanced at current levels.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst John Quealy has a total average return of 20.8% and a 48.7% success rate. Quealy has a 14.6% average return when recommending BMI, and is ranked #82 out of 3336 analysts.