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.
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