Surf Air Mobility price target lowered to $3 from $3.25 at Canaccord

Canaccord lowered the firm’s price target on Surf Air Mobility (SRFM) to $3 from $3.25 and keeps a Hold rating on the shares. The firm noted the company announced it is raising approximately $27M through the sale of additional equity in the company and with the dilution, the price target was adjusted.