UPDATE: JP Morgan Raises PT to $9 on TASER International on Solid Q3 Results

JP Morgan reiterated its Overweight rating on TASER International

and raised its price target from $7.50 to $9. JP Morgan commented, "TASR reported solid 3Q results above expectations. Management tone was constructive as the X2 upgrade program, customer payment plan, and international expansion are expected to fuel continued growth. We still believe that this is an execution story and that TASR must continue to demonstrate its ability to drive profitable growth. We believe that TASR's new product introduction rate should finally slow allowing the company to experience more operating leverage than it has demonstrated over the past few years." TASER International closed at $68.81 on Friday.