Lightspeed initiated with a Hold at Truist

Truist initiated coverage of Lightspeed (LSPD) with a Hold rating and $11 price target The firm says that despite the stock’s recent underperformance, it is “somewhat cautious” on the stock as believe Lightspeed remains a “show me” story. There is some risk of negative revisions if churn worsens and/or Lightspeed slows the pace of loan growth, the analyst tells investors in a research note.