Roth/MKM Downgrades Clarus Corp (CLAR) to Neutral

Roth/MKM analyst Matt Koranda downgraded Clarus Corp (NASDAQ: CLAR) from Buy to Neutral with a price target of $6.00.

The analyst comments "2Q was disappointing, with sales softer-than-expected across both Outdoor and Adventure, while segment margins eroded at Adventure. While management cut 2024 adj EBITDA guidance by $4.5mn at the mid-point (citing further reinvestment in the segment), the implied 2H sequential improvement is still a tough hurdle, in our view, given a soft macro backdrop, and a limited track record of execution with new segment leadership. We're cutting numbers below guidance and resetting our 2025 outlook, while also cutting our rating to Neutral from Buy."

For an analyst ratings summary and ratings history on Clarus Corp click here. For more ratings news on Clarus Corp click here.

Shares of Clarus Corp closed at $5.77 yesterday.

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