BUZZ-Jefferies starts Badger Meter with 'buy,' Watts Water with 'hold'
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Jefferies initiates coverage on fluid meter makers, rating Badger Meter as 'buy' due to strong growth prospects and digital advancements, while Watts Water is rated 'hold' due to mixed construction trends and challenges in Europe. Badger Meter has a 30% market share in North America, with a price target of $220, indicating a 20.6% upside. Watts Water's price target is $300, with a 7.9% upside.
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