UPDATE: J.P. Morgan Downgrades TASER International on Valuation
August 28, 2013 at 09:24 AM EDT
In a report published Wednesday, J.P. Morgan analyst Paul Coster downgraded the rating on TASER International (NASDAQ: TASR ) from Overweight to Neutral, but reiterated the $12.00 price target. In the report, J.P. Morgan noted, “We are downgrading TASR to Neutral based on valuation. The stock has increased 36% in