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Lightspeed price target lowered to $11 from $13 at Wells Fargo

Lightspeed price target lowered to $11 from $13 at Wells Fargo

Wells Fargo lowered the firm’s price target on Lightspeed (LSPD) to $11 from $13 and keeps an Equal Weight rating on the shares. The firm notes Lightspeed reintroduced its strategic plan, which it thinks was eclipsed by macro weighing on near-term sentiment. Strategic consistency is critical for buy-in, and for now Wells believes the name warrants show me skepticism.

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