The Globe and Mail reports in its Friday, Feb. 7, edition that National Bank Financial analyst Richard Tse has reaffirmed his "sector perform" recommendation for Lightspeed Commerce following the company abandoning a potential sale process and instead intending to buy back $400-million worth of shares (all figures U.S.). The Globe's David Leeder writes in the Eye On Equities column that Mr. Tse whacked his share target back by $5 to $15. Analysts on average target the shares at $27.06. Mr. Tse says in a note: "No doubt, the outcome of the strategic review likely raises questions as to why it did not conclude in a sale -- most notable and obvious are a price (valuation) and product disconnect, the latter from the vantage point of prospects. The challenge for Lightspeed now will be executing on its growth plan in an increasingly competitive market when Lightspeed has also narrowed its TAM. In our view, we see a balanced risk-to-reward profile; we're revising our target, which was based on a potential take-out valuation to one that's DCF based." The Globe reported on Jan. 10 that Barclays analyst Raimo Lenschow had cut Lightspeed Commerce to "equal weight" from "overweight." The shares were then worth $14.79.