BUZZ-Axon rises after TD Cowen initiates coverage with 'buy' rating
** Taser maker Axon Enterprise AXON.O shares up as much as 1.6% to $571.28
** TD Cowen initiates coverage of AXON with a "buy" rating
** Brokerage says AXON's T10 is a big technological upgrade over the previous generation and is the fastest-selling TASER device in history
** Adds AXON's body cameras have clear competitive advantages over its competitors
** "AXON has built a trusted reputation and its innovation over time is impressive" - TD Cowen
** Brokerage sets stock PT at $700, a 24.5% upside on the stock's last close
** Seventeen of 18 brokerages rate the stock "buy" or higher, one "hold"; their median PT is $605, according to data compiled by LSEG
** Stock rose ~130.1% in 2024
(Reporting by Prakhar Srivastava in Bengaluru)
((Prakhar.srivastava2@thomsonreuters.com))
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