But at least one analyst says the stun gun manufacturer’s market rally may be overdone
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By Ben Greier
Shares of electroshock gun maker Taser are up 28 percent over the past week amid speculation that the events in Ferguson, Mo., could boost demand for the company’s cameras.
Investors are speculating that following the shooting death of Michael Brown on Aug. 9, the body cameras produced by Taser will soon be de rigueur for police departments nationwide, creating a profit boom for the company.
Not so fast, says one analyst.
“I don’t see that there is going to be a massive deployment everywhere of this,” said Brian Ruttenberg, an analyst and managing director with CRT Capital Group. “And it’s not going to be quick.”
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