Badger Meter Poised for 2027 Growth as Utility Projects Advance, RBC Says

11:13 AM EDT, 10/23/2026 (MT Newswires) -- Badger Meter (BMI) remains well positioned for growth heading into 2027 as its advanced metering infrastructure projects continue to progress, RBC Capital Markets said Thursday in a report. RBC cited a Q3 earnings beat driven by strong gross margins and the expected start of Puerto Rico Aqueduct and Sewer Authority installations in Q4. Badger's modest reduction to its full-year 2026 organic revenue outlook reflects an outsized Q1 short-cycle miss rather than any deterioration in its project pipeline, which remains robust, the report said. RBC lowered its 2027 EPS estimate by $0.05 to $5.10. RBC raised its price target on Badger stock to $187 from $162 and maintained its outperform rating. Price: 152.07, Change: +2.43, Percent Change: +1.62