Clarus price target lowered to $3.50 from $4.75 at Roth Capital

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.