Bank of Montreal Can and Intact Investment Management Inc. increased their stakes in Lightspeed Commerce, with the former owning over 2 million shares and the latter nearly 1.7 million shares. Institutional investors hold 68.68% of the stock, which recently saw its price target cut by JPMorgan Chase & Co. from $13.00 to $10.00, reflecting a neutral rating. The stock traded down to $8.85, with analysts forecasting a modest earnings per share for the current fiscal year.
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