ACCESS Newswire initiated with a Buy at Lake Street

Lake Street initiated coverage of ACCESS Newswire (ACCS) with a Buy rating and $15 price target The company is the fourth highest volume distributor of press releases globally and the company is doubling down on its communications business, “transforming into a full IR/PR Media software suite,” the analyst tells investors. ACCESS is poised to see a gross margin uplift following the sale of its compliance business, which has transformed the business into a subscription pricing model, the analyst added.