Clarus price target lowered to $5 from $5.50 at Lake Street

Lake Street lowered the firm’s price target on Clarus (CLAR) to $5 from $5.50 and keeps a Buy rating on the shares after the company reported “mixed” Q4 results and gave initial FY25 guidance with revenue and adjusted EBITDA guided below the firm’s prior estimates. However, the firm thinks the company has “completed much of the heavy lifting in the turnaround” and expects improving results following what it thinks will be a “difficult” Q1, the analyst tells investors.