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Fly News Breaks for February 20, 2020
AAXN
Feb 20, 2020 | 08:34 EDT
As previously reported, Morgan Stanley analyst James Faucette downgraded Axon to Equal Weight from Overweight with a price target of $94, up from $88. He believes the company will ultimately dominate the law enforcement software market as it controls two key pieces of hardware - Tasers and body cameras - where it has substantial share and is "nearly universally growing trust with law enforcement personnel." However, Faucette expects that the pace of development will be slow and that the stock's current valuation reflects markets belief in the opportunity.
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