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Fly News Breaks for February 24, 2020
AAXN
Feb 24, 2020 | 09:06 EDT
JPMorgan analyst Mark Strouse raised the firm's price target on Axon to $92 from $78 and keeps an Overweight rating on the shares ahead of the company's Q4 results on February 27. The analyst remains optimistic regarding Axon's long-term growth prospects and he sees a favorable setup during the first half of 2020 due to "easy" year-over-year comps, particularly in the weapons segment. His higher price target reflects improved trading multiples for the company's peers.
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