JPMorgan Trims Badger Meter (BMI) Price Target as Part of 2026 Outlook

Company Overview - Badger Meter, Inc. (NYSE:BMI) specializes in flow measurement, water quality, and control products, serving water utilities and other commercial customers [4] Financial Performance - On November 7, Badger Meter declared a quarterly dividend of $0.40 per share, consistent with its previous dividend, and has been returning value to shareholders through growing dividends for 33 consecutive years [3] - The Board approved a new share repurchase authorization for up to $75 million of the company's outstanding common stock through November 2028, allowing for share purchases in the open market [3] Analyst Insights - On December 8, JPMorgan lowered the price target for Badger Meter to $235 from $240 while maintaining an Overweight rating, as part of its 2026 outlook on the clean energy market [2] - JPMorgan expects strong performance for utility-scale projects in the renewables space but notes a market shift towards larger, more complex projects and tougher regulations, which may lead to consolidation [2] - Analysts prefer companies with US manufacturing, diverse customers, and solid balance sheets in the current market environment [2] Investment Considerations - Badger Meter is included among the 15 Best Stocks to Buy for the Long Term, indicating positive long-term investment sentiment [1]