Axon price target raised to $855 from $645 at Raymond James

Raymond James raised the firm’s price target on Axon (AXON) to $855 from $645 and keeps an Outperform rating on the shares. Axon’s headline Q2 results were in better than expected as new products outperformed, core solutions continue to gain wallet share, orders impressed and management guided to another year of record second half orders, the analyst tells investors in a research note.