H.C. Wainwright analyst Scott Buck raised the firm’s price target on Draganfly (DPRO) to $6 from $3.50 and keeps a Buy rating on the shares. The company announced that its Commander3 XL UAV has been selected by a major branch of the Department of Defense for advanced operation initiatives, the analyst tells investors in a research note. While the announcement will not be a direct driver of material revenue, it represents another step towards larger and more meaningful Department of Defense contracts, the analyst tells investors in a research note. The firm believes the business is approaching an inflection point.
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