Dragonfly Energy price target lowered to $1.25 from $4.00 at Canaccord

Canaccord lowered the firm’s price target on Dragonfly Energy to $1.25 from $4.00 and keeps a Buy rating on the shares. The firm said the company’s fundamentals continue to be impacted by a weak RV market as revenue and cash deterioration were worse than anticipated in 3Q23.