Market Overview

UPDATE: JP Morgan Downgrades TASER International to Neutral on Valuation

Share:
Related TASR
Cincinnati Police Department Purchases 380 TASER X26P Smart Weapons
Cleveland, Tampa and Scottsdale Police Departments Outfit Officers with AXON Body Cameras

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
Jan 2015JP MorganMaintainsNeutral
Dec 2014OppenheimerInitiates Coverage onOutperform
Dec 2014Ladenburg ThalmannDowngradesBuyNeutral

View More Analyst Ratings for TASR
View the Latest Analyst Ratings

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

 

Related Articles (TASR)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Benzinga Professional