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TASR

TASER

$23.20

-0.51 (-2.15%)

14:42
10/06/16
10/06
14:42
10/06/16
14:42

NYPD contract fuels concerns, but TASER selloff overdone, says JPMorgan

JPMorgan analyst Mark Strouse notes that TASER's stock has declined significantly this week owing largely to the reported loss of the NYPD body-camera contract to a competitor. While the analyst sees this loss as somewhat of a surprise, he thinks the contract's pricing was the largest factor weighing on the stock. However, Strouse believes the NYPD contract pricing was a one-off occurrence. The analyst sees the selloff in TASER's shares as overdone and recommends investors add to positions. He reiterates an Overweight rating and $31 price target on the shares.

TASR TASER
$23.20

-0.51 (-2.15%)

10/03/16
10/03/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Netgear (NTGR) downgraded to Hold from Buy at BWS Financial with analyst Hamed Khorsand saying shares are up approximately 100% this year and are being valued as though there could be a continuous purchasing cycle for the latest products Netgear sells, which he does not believe to be the case. 2. TASER (TASR) downgraded to Neutral from Buy at Ladenburg. 3. Citrix (CTXS) downgraded to Sell from Neutral at UBS with analyst Brent Thill saying he believes the next part of the company's transition will be more difficult reflecting the GoTo spin-off; its fastest growing segment. 4. Robert Half (RHI) downgraded to Underperform from Neutral at Credit Suisse with analyst Anjaneya Singh citing fewer catalysts and increased downside risk in a slowing labor market. 5. Noble Corp. (NE) downgraded to Hold from Buy at Societe Generale with analyst Edward Muztafago citing recent share strength and lower earnings from reduced offshore spending. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/03/16
KING
10/03/16
NO CHANGE
Target $32
KING
Buy
TASER 'had no choice but to walk away' from NYPD deal, says CL King
CL King analyst George Godfrey said that according to a source he spoke with the $6.4M police body camera contract awarded by the City of New York may include cameras for as many as 5,000 police officers. If that is correct, TASER had "no choice but to walk away" from this opportunity, but the company still has the opportunity to sell body cameras to the other approximately 29,000 NYC police officers, Godfrey tells investors. The firm keeps a Buy rating and $32 price target on TASER shares, which are down about 14% to $24.62 in early afternoon trading.
10/05/16
OPCO
10/05/16
NO CHANGE
OPCO
Perform
TASER competitor deal with NYPD should not set any precedent, says Oppenheimer
Oppenheimer analyst Andrew Uerkwitz believes Vievu's body camera contract with NYPD could result in some pricing pressure over time but should not set any precedents. The analyst notes that it was expected that TASER "can't win them all," and points out that the economics of the deal are a "sober reminder" that storage costs are as key as service and functionality. Uerkwitz expects TASER to shift the conversation toward innovation, additional services/opportunities, and leverage going forward. He reiterates a Perform rating on TASER's shares.
10/06/16
JPMS
10/06/16
NO CHANGE
JPMS
Overweight
TASER selloff overdone, says JPMorgan

TODAY'S FREE FLY STORIES

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TRIP

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CTXS

Citrix

$85.62

0.15 (0.18%)

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XOM

Exxon Mobil

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NVS

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PCRFY

Panasonic

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AAPL

Apple

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0.41 (0.37%)

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ETP

Energy Transfer Partners

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INCY

Incyte

$102.02

2.09 (2.09%)

, PFE

Pfizer

$31.63

0.17 (0.54%)

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INCY

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PFE

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AGIO

Agios Pharmaceuticals

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KPTI

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JNJ

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BPMC

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INCY

Incyte

$102.02

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GPRO

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KPTI

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CELG

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GBT

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CELG

Celgene

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XLRN

Acceleron

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ALNY

Alnylam

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ALXN

Alexion

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0.95 (0.78%)

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LYV

Live Nation

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NVS

Novartis

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0.42 (0.62%)

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