KeyBanc Capital Markets Initiates Badger Meter Coverage

KeyBanc Capital Markets initiated coverage on Badger Meter BMI with a Hold rating in a research report published today. In the report, KeyBanc Capital Markets states, "We are constructive on Badger's competitive positioning and the longer-term outlook for the water metering market in the United States, but are cautious about the adverse effects from the ongoing municipal budget cuts and depressed housing starts." Shares of Badger Meter closed today at $33.61, up 0.30% from Tuesday's market close.