Lightspeed price target lowered to C$20 from C$22 at Jefferies

Jefferies analyst Trevor Williams lowered the firm’s price target on Lightspeed to C$20 from C$22 and keeps a Hold rating on the shares. The firm updated its payments models to reflect the key themes post Q2 earnings. The group is in a better spot with stable trends expected to persist through the second half of 2024, and an increasing number of “own-able stories,” the analyst tells investors in a research note. Corpay (CPAY) is Jefferies’ top pick coming out of Q2.