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Fly News Breaks for January 7, 2019
BMI
Jan 7, 2019 | 07:26 EDT
Berenberg analyst Andrew Buscaglia upgraded Badger Meter to Hold from Sell and raised his price target for the shares to $46 from $42. The stock has become more attractive as a defensive play in water, Buscaglia tells investors in a research partially titled "A safe haven in water." He points out Badger Meter has higher North America sales exposure versus most peers, as well as a "more focused product niche in a growing metering market and reliable execution."The analyst thinks the company's valuation is supported by its defensive nature.
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