Lightspeed price target raised to $20 from $14 at Wells Fargo

Wells Fargo analyst Andrew Bauch raised the firm’s price target on Lightspeed to $20 from $14 and keeps an Equal Weight rating on the shares. While the firm has a growing sense of optimism in Lightspeed’s growth strategy, it remains sidelined until it gains further confidence that the progress exhibited the last few quarters is sustainable, the analyst tells investors in a research note.