Lake Street lowered the firm’s price target on Clarus to $6 from $7 and keeps a Buy rating on the shares after the company reported “mixed” Q4 results. Management gave initial FY24 guidance and the firm’s new Q1 and 2024 sales estimates are in line with management’s guidance, though it notes it is modeling adjusted EBITDA below guidance.
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Read More on CLAR:
- Clarus Corporation Welcomes New Board Member Roger Werner
- Roger Werner Appointed to Clarus’ Board of Directors
- Clarus Board of Directors Approves Two of Its Top Shareholders to Increase Their Positions up to 15.0% and 26.7% of Shares Outstanding
- Clarus Reports Fourth Quarter and Full Year 2023 Results
- Clarus price target lowered to $8 from $9 at B. Riley
