Clarus price target raised to $9 from $8 at B. Riley

B. Riley raised the firm’s price target on Clarus to $9 from $8 and keeps a Buy rating on the shares. Clarus reported Q1 results that beat expectations, including its first EBITDA beat since 2Q22, the analyst tells investors in a research note. The quarterly results were highlighted by domestic Outdoor sales growth of 10%, the firm notes.