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Fly News Breaks for February 27, 2015
TASR
Feb 27, 2015 | 07:37 EDT
Craig-Hallum analysts Steven Dyer and Greg Palm call yesterday's post-earnings pullback in shares of TASER as "massive overreaction." They point out the stun-gun maker's video bookings grew 60% sequentially in the quarter while average revenue per unit was up over 20%. The analysts think the TASER story "keeps getting better" and raised their price target for the stock to $30 from $22 while keeping a Buy rating on the name. Shares of TASER closed yesterday down $4.36 to $22.68.
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