Surf Air Mobility price target raised to $4 from $2.20 at Canaccord

Canaccord analyst George Gianarikas raised the firm’s price target on Surf Air Mobility (SRFM) to $4 from $2.20 and keeps a Hold rating on the shares. The firm said Surf Air Mobility announced this morning that in connection to the company’s new financing plans, it anticipates a reduction in future equity dilution by about 90%.