Scotiabank lowered the firm’s price target on Lightspeed (LSPD) to $10 from $11 and keeps a Sector Perform rating on the shares. While the firm is still cautious in the near term, Seaport sees the company as shaping up to be more of a 2H story, where the firm models improving gross transaction value growth and key location growth pushed into the mid-single digit range, the analyst tells investors.
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