B. Riley Securities Maintains Buy on Clarus, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Anna Glaessgen maintains a Buy rating on Clarus (NASDAQ:CLAR) but lowers the price target from $9 to $8.

March 07, 2024 | 1:15 pm
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NEUTRAL IMPACT
B. Riley Securities maintains a Buy rating on Clarus but lowers the price target from $9 to $8.
While the maintenance of a Buy rating by B. Riley Securities indicates continued confidence in Clarus's fundamentals and growth potential, the reduction in the price target from $9 to $8 could signal a reassessment of the company's near-term valuation prospects. This mixed signal might lead to a neutral short-term impact on the stock price, as positive sentiment from the maintained Buy rating could be offset by the lowered price target.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90