Lightspeed price target lowered to $19 from $21 at Scotiabank

Scotiabank lowered the firm’s price target on Lightspeed (LSPD) to $19 from $21 and keeps an Outperform rating on the shares. The company’s in-line Q3 results were overshadowed by the news that its Strategic Review has concluded, the analyst tells investors. While there was clearly some that believed there was the probability of a sale and the firm does not expect the stock’s discount to peers to materially compress, the firm maintains its rating on the stock, believing there are several positive fundamental metrics moving the company in the right direction.