Axon price target raised to $285 from $250 at JMP Securities

JMP Securities raised the firm’s price target on Axon to $285 from $250 and keeps an Outperform rating on the shares. The firm likes Axon with its large install base of state and local organizations as a way for investors to mitigate against the uncertainties of both the macroeconomic environment and federal government budget volatility, the analyst says in a research note.