ACCESS Newswire price target lowered to $14 from $15 at Lake Street

Lake Street lowered the firm’s price target on ACCESS Newswire (ACCS) to $14 from $15 and keeps a Buy rating on the shares. Q2 results demonstrated sequential growth and strong operational efficiency, the analyst tells investors. The firm’s price target reflects updated estimates, notes the analyst, who continues to argue that investors are “underappreciating ACCESS Newswire’s strategic shift to a high-margin, SaaS revenue business.”