Clarus price target raised to $7 from $6 at Lake Street

Lake Street raised the firm’s price target on Clarus to $7 from $6 and keeps a Buy rating on the shares after the company reported Q1 top and bottom line results that were both better than expected. The firm, which looks for continued growth and improvement in both businesses next year, notes that its 2025 estimates are still below the outlook management gave at the recent investor day, but “reflect vast improvements in sales and profitability.”