Imperial Capital analyst George Kelly lowered his price target for Johnson Outdoors to $80 from $95 to account for slower growth in the fishing segment and continued tariffs. In Q2, the company's fishing segment grew despite challenging weather, but other segments remained weak, Kelly tells investors in a research note. He believes believe Johnson Outdoors does not benefit from owning lower-quality assets and that its stock would carry a higher valuation if it divested its smaller business segments. Nonetheless, Kelly finds the stock "compelling" at current valuation levels and keeps an Outperform rating on Johnson Outdoors.