Axon price target raised to $235 from $195 at JMP Securities

JMP Securities analyst Erik Suppiger raised the firm’s price target on Axon to $235 from $195 and keeps an Outperform rating on the shares. Spending in law enforcement technologies has been relatively resilient to economic slowing because it benefits from a favorable funding environment, an increasing need for productivity tools due to a shortage of law enforcement personnel, and a growing awareness of gun violence, the analyst tells investors in a research note. The firm names Axon as its favorite stock for the Q4 earnings season.