Clear Secure price target lowered to $26 from $32 at Stifel

Stifel analyst Mark Kelley lowered the firm’s price target on Clear Secure (YOU) to $26 from $32 and keeps a Hold rating on the shares. Q4 results were better than expected, though Q1 bookings guidance was lighter than expected, the analyst tells investors. The spotlight for investors was focused on management’s commentary around the American Express (AXP) partnership, which is caused the stock to swing from up mid-single digits pre-market to down mid-single digits at the close, the analyst noted. Management did express that it expects to have “a” credit card partner going forward, though the firm believes investors are worried that partner may not be Amex at some point.