Draganfly initiated with a Buy at Ladenburg

Ladenburg analyst Glenn Mattson initiated coverage of Draganfly (DPRO) with a Buy rating and $19 price target The provider of UAV platforms for defense and commercial applications recently won a large Department of Defense contract to supply first person view drones to a brigade of the U.S. Army, notes the analyst, who thinks this win is “significant and possibly repeatable,” highlighting that the company has a “robust pipeline beyond that win.”