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Fly News Breaks for October 11, 2019
Oct 11, 2019 | 08:12 EDT
Jefferies analyst Randal Konik initiated coverage of Clarus with a Buy rating and $18 price target. The company has a "high quality portfolio of cult-like brands with a passionate following," Konik tells investors in a research note. He believes Clarus remains in the early innings of its growth trajectory and has "significant runway for growth ahead." The analyst also sees a favorable risk/reward as current share levels.
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