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UPDATE: JP Morgan Downgrades TASER International to Neutral on Valuation

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JP Morgan reduced its rating on TASER International (NASDAQ: TASR) from Overweight to Neutral while maintaining its $9 price target.

JP Morgan commented, "TASR has increased 50% over the past two months (SP500 down 2.6%) and has reached our $9.00 price target. We continue to believe the X2 upgrade program, customer payment plan, and international expansion present opportunities for upside to estimates; however, we believe significant margin expansion is unlikely. Our estimates and price target are unchanged."

TASER International closed at $9.02 on Wednesday.

Latest Ratings for TASR

DateFirmActionFromTo
Dec 2014OppenheimerInitiates Coverage onOutperform
Dec 2014Ladenburg ThalmannDowngradesBuyNeutral
Dec 2014JP MorganDowngradesOverweightNeutral

View More Analyst Ratings for TASR
View the Latest Analyst Ratings

Posted-In: JP MorganAnalyst Color Downgrades Intraday Update Analyst Ratings

 

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