Roth MKM downgraded Clarus to Neutral from Buy with a $6 price target after the “disappointing” Q2 report that saw softer-than-expected sales across both Outdoor and Adventure segments. The implied second half sequential improvement is “still a tough hurdle” given a soft macro backdrop and a limited track record of execution with new segment leadership, says the analyst, who is cutting estimates below guidance and resetting the firm’s 2025 outlook.
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