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Fly News Breaks for May 8, 2019
AAXN
May 8, 2019 | 08:42 EDT
Morgan Stanley analyst James Faucette raised his price target on Axon shares to $71 from $65 ahead of the company's earnings report on May 9, stating that he came away from last week's Accelerate User Conference more convinced that the company appears poised to benefit from 5G and that Axon can profitably improve emergency services. Faucette, who said he thinks Axon's "market leading" Evidence.com software offering remains underappreciated, keeps an Overweight rating on the shares.
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