Roth Capital analyst Matt Koranda lowered the firm’s price target on Clarus (CLAR) to $3.50 from $4.75 and keeps a Neutral rating on the shares. Clarus reported another “mixed” quarter, with sales beating consensus estimates and profit below, largely driven by deterioration at the Adventure segment, while management was removed due to tariff uncertainty, the analyst tells investors in a research note. The firm awaits visibility into sustained growth and margin expansion.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CLAR: