Roth MKM downgraded Dragonfly Energy to Neutral from Buy with a 70c price target. Dragonfy is seeing a deeper demand trough than the firm had previously forecast on “what appears like continued demand deterioration,” the analyst tells investors. While stating that the company is taking the right actions to diversify end markets, it will take time to drive growth, added the analyst, who “could look to turn constructive on growth visibility.”
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