B. Riley analyst Anna Glaessgen lowered the firm’s price target on Clarus to $9 from $11 and keeps a Buy rating on the shares. The firm lowered its price target on the stock due to persisting retailer caution, consumer pressure, and the slow start to the fall selling season, the analyst tells investors. The firm sees the recent uptick in firearm / ammo demand as a potential demand catalyst, which the firm views as “particularly attractive” in the current environment. With new leaders at the helm, the firm expects their initiatives to show more meaningfully in the model in 2024.
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