NYSE:BMIElectronic
What Badger Meter (BMI)'s Barclays Underweight Call on Connected Meters Means For Shareholders
In recent days, Barclays initiated coverage on Badger Meter with an Underweight/Sell rating, citing slowing demand growth for connected water meters as the market matures and pressures in utility spending.
This cautious stance contrasts with a generally more positive analyst consensus and comes as Badger Meter maintains strong free cash flow, no debt, and continues investing in smart water technologies and new leadership.
We’ll now examine how Barclays’ more cautious view on connected meter...