Lake Street lowered the firm’s price target on Clarus (CLAR) to $4 from $5 and keeps a Buy rating on the shares after the company reported “mixed” Q1 results and withdrew its FY25 guidance due to macroeconomic uncertainty and tariff risks. The firm is lowering its target due to the difficult operating environment and uncertainty in the outlook, the analyst tells investors.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CLAR: