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Fly News Breaks for August 15, 2019
CLAR
Aug 15, 2019 | 07:45 EDT
As previously reported, DA Davidson analyst Michael Kawamoto downgraded Clarus to Neutral and lowered his price target to $12 from $17. The analyst notes that the company's "unique brand portfolio" has had an "impressive run", but the recent industry commentary suggests that the headwinds on the bullets/ammunition side over the near term will be too difficult to overcome. While he still likes the stock over the longer-term, Kawamoto contends that the near-term headwinds are "too steep".
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