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Fly News Breaks for February 27, 2018
BMI
Feb 27, 2018 | 05:58 EDT
Canaccord Genuity analyst Chip Moore downgraded Badger Meter to Sell from Hold and lowered his price target for the shares to $42 from $48. With "lackluster" organic growth trends in the company's core utility water metering market and shares trading near all-time peak valuation ranges, the stock has downside risk, Moore tells investors in a research note. He believes competitive pressures could be intensifying and that near-term margins are unlikely to move materially higher.
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