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Clarus price target lowered to $6 from $7 at Lake Street

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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