Badger Meter Stock Selloff Despite Q2 Beat Reflects Elevated Short Interest, RBC Says

MT Newswires Live
Jul 24

Badger Meter (BMI) stock selloff despite a Q2 beat reflects elevated short interest amid management concerns around rising electronic component costs becoming a growing headwind, RBC Capital Markets said in a research report emailed Thursday.

The company is ready to offset cost concerns and the tightening availability of electronic components due to AI-driven semiconductor demand through pricing actions, analysts said, while lowering their 2026 EPS estimate by $0.10 to $4.55.

The company also confirmed the H2 ramp in advanced metering infrastructure deployments remains on track, according to the note.

The brokerage said it reiterated its outperform rating on the stock and lowered its price target to $162 per share from $169.

Price: 124.50, Change: -2.17, Percent Change: -1.71

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10