B. Riley analyst Anna Glaessgen lowered the firm’s price target on Clarus (CLAR) to $4 from $5 and keeps a Buy rating on the shares post the Q1 report. The firm is “encouraged” by the company’s continued progress in Outdoor, citing positive customer resonance with the refined apparel assortment. However, the analyst cut estimates to reflect the impact from tariffs, as well as a “more somber approach” to the Adventure segment.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CLAR: