Clarus price target lowered to $7 from $9 at B. Riley

B. Riley lowered the firm’s price target on Clarus to $7 from $9 and keeps a Buy rating on the shares post the Q2 report. While pleased to see that the company is taking the right steps to set up Adventure for long-term success, the firm says the step-back in profitability in an already challenging year is naturally giving investors pause.