Clear Secure initiated with a Buy at DA Davidson

DA Davidson initiated coverage of Clear Secure (YOU) with a Buy rating and $45 price target The company has 166 lanes across 59 airports in the United States and has established a moat that enables solid free cash flow generation and expanding operating margins, the analyst tells investors in a research note. The recent initiatives around B2B and additional verticals for Clear Plus are currently under-appreciated and provide for an opportunity to reaccelerate revenue growth, the firm added.