Canaccord analyst George Gianarikas lowered the firm’s price target on Dragonfly Energy to $9 from $15 and keeps a Buy rating on the shares. The analyst said Dragonfly reported a weaker-than-expected quarter due to a soft RV market. We expect the company to continue gaining traction in RVs and penetrate additional markets including marine, to supplement growth.
Published first on TheFly
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