Clarus price target lowered to $4 from $5 at Lake Street

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.