Clarus price target lowered to $5 from $5.50 at B. Riley

B. Riley analyst Anna Glaessgen lowered the firm’s price target on Clarus (CLAR) to $5 from $5.50 and keeps a Buy rating on the shares following the Q4 report. The company reported a “mixed” quarter, with sales slightly ahead but EBITDA shy of expectations, driven by weakness in Adventure, the analyst tells investors in a research note. The firm is “encouraged” by Clarus’s progress in Outdoor, with a focus on “A” styles and the Apparel revamp “reaping rewards.” It cites a more conservative stance on Adventure for the trimmed target.