Lightspeed price target lowered to $13 from $16 at Wells Fargo

Wells Fargo analyst Andrew Bauch lowered the firm’s price target on Lightspeed (LSPD) to $13 from $16 and keeps an Equal Weight rating on the shares. The firm says that while the print wasn’t any more messy than prior quarters, management indicated that post-strategic review, the board has elected to stay the course as a public company, leading to a takeout-bid unwind in Thursday’s session.