Draganfly shares are trading lower after the company reported a year-over-year decrease in Q2 sales results. Also, HC Wainwright maintained a Buy rating on the stock but lowered its price target from $1 to $0.5.
Portfolio Pulse from Benzinga Newsdesk
Draganfly shares are trading lower after the company reported a year-over-year decrease in Q2 sales results. HC Wainwright maintained a Buy rating on the stock but lowered its price target from $1 to $0.5.
August 14, 2024 | 12:09 pm
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Draganfly shares are trading lower due to a year-over-year decrease in Q2 sales results. HC Wainwright maintained a Buy rating but lowered its price target from $1 to $0.5.
The decrease in Q2 sales results is a negative indicator for Draganfly's financial performance, leading to a drop in share price. Additionally, the lowered price target from HC Wainwright, despite maintaining a Buy rating, suggests reduced confidence in the stock's short-term potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100