A Look At Badger Meter (BMI) Valuation After Downgrade And Expanded Share Buyback Program

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Badger Meter (BMI) is attracting investor attention after declaring a dividend and expanding its share repurchase program by $75 million, despite a recent downgrade from Argus Research. The stock currently trades around $146.59, slightly below its internal intrinsic value estimate and 21% below the analyst target of $178, leading to a “most popular narrative” of being 18% undervalued. The article suggests investors review various valuation factors, including risks like municipal project timing and competition, to determine future growth potential.

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