Clear Secure price target raised to $38 from $34 at Stifel

Stifel analyst Mark Kelley raised the firm’s price target on Clear Secure (YOU) to $38 from $34 and keeps a Hold rating on the shares. Clear reported solid Q3 results ahead of expectations and delivered a robust Q4 guidance, which the firm believes quells some investor fears that the government shutdown might impact travel volumes and member acquisition, the analyst tells investors in a research note. The firm added that, overall, the airport business seems to be making good progress on its recent initiatives.