Draganfly price target lowered to $3.50 from $5 at H.C. Wainwright

H.C. Wainwright analyst Scott Buck lowered the firm’s price target on Draganfly (DPRO) to $3.50 from $5 and keeps a Buy rating on the shares. The company is positioned to take advantage of growing drone demand, though order timing is still uncertain, the analyst tells investors in a research note. The firm cites a higher share count following the recent capital raise for the target cut.