The Globe and Mail reports in its Friday, Oct. 27, edition that National Bank Financial analysts Richard Tse and John Shao have reaffirmed their "outperform" recommendation for Lightspeed Commerce. The Globe's David Leeder writes in the Eye On Equities column that Mr. Tse and Mr. Shao gave their share target a $3 trim to $20 (all figures U.S.). Analysts on average target the shares at $19.57. Mr. Tse and Mr. Shao expect "in-line to soft" third quarter results for Canadian technology companies, believing "a softening economic backdrop is slowing the cadence of spend, particularly in enterprise going into year-end." Believing a move to be "opportunistic (on a sector pullback) in growth names" is prudent, they recommend Lightspeed Commerce. Mr. Tse says in a note: "We're expecting in-line FQ2 (CQ3) results from Lightspeed based on conservatism built into management's guidance. That guidance implied little to no expansion in payment penetration and flat to negative quarter-over-quarter growth in GTV and total customer locations." The Globe reported on July 25 that Mr. Shao and Mr. Tse had reaffirmed their "outperform" recommendation for Lightspeed Commerce. The shares were then going for $17.50.