** Shares of DroneShield fall as much as 3.5% to A$1.26 after Bell Potter downgrades to "hold" from "buy" and cuts revenue estimate on lower-than-expected contract value
** Brokerage retains price target of A$1.35 for the Australian drone maker
** Says total value of contracts announced YTD are A$31.3 mln ($21.02 mln), lower than its estimate of A$40 mln
** Reduces CY24 revenue estimate by 15% to A$82.4 mln
** "Whilst we have revised our forecasts, we remain optimistic DroneShield will deliver a strong finish to the year" - Bell Potter
** Stock has more than tripled in value this year
($1 = 1.4888 Australian dollars)
(Reporting by Ayushman Ojha in Bengaluru)
((Ayushman.ojha@thomsonreuters.com;))
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