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Fly News Breaks for January 3, 2020
AAXN
Jan 3, 2020 | 10:42 EDT
Craig-Hallum analyst Steve Dyer said Axon shares are trading at all-time highs with a "rich valuation" and he believes the stock should pull back following news that the company is suing the Federal Trade Commission by asking the court to declare the structure and administrative procedures that favor the FTC in antitrust cases as unconstitutional. The analyst, who thinks the fight with the FTC over the company's 2018 acquisition of Vievu could be "a lengthy, expensive and disruptive process," keeps a Hold rating on Axon with a $65 price target.
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