Clarus downgraded to Hold from Buy at Lake Street

Lake Street downgraded Clarus (CLAR) to Hold from Buy with a price target of $3.50, down from $4. While stating that Clarus made “some operational progress” in Q2, the firm remains cautious given persistent challenges across both segments. The firm cites “disappointing results,” continued macro headwinds, a lack of catalyst for improvement, and valuation for its downgrade.