Draganfly price target lowered to $2.50 from $3.50 at H.C. Wainwright

H.C. Wainwright analyst Scott Buck lowered the firm’s price target on Draganfly to $2.50 from $3.50 and keeps a Buy rating on the shares. The company’s Q3 results were largely inline and the outlook drives optimism for 2024, the analyst tells investors in a research note. The firm dropped the price target on the recent capital raise.