J.P. Morgan Maintains Neutral Rating On TASER International

According to J.P. Morgan, TASER International (NASDAQ: TASR) Neutral rating is maintained.

J.P. Morgan said that near-term, the biggest headwind for the company remains the poor state of state and local budgets, which could remain under pressure for an extended period of time. “That said, YTD orders have been relatively encouraging and FY11 could potentially benefit from the ramp of new products and international orders. We believe TASR is likely to be a late 2011-12 growth stock. Price target $5.”

RLI Corp closed yesterday at $58.37.