Clear Secure price target lowered to $21 from $30 at JPMorgan

JPMorgan lowered the firm’s price target on Clear Secure to $21 from $30 and keeps a Neutral rating on the shares. The firm is “tempted to take a contrarian view” on the shares as it thinks some of the fears are overdone, but it is sticking with a Neutral rating saying Clear faces tough second half of 2023 comps in an increasingly uncertain macro environment.