NEW YORK, Dec 9, 2016 /PRNewswire/ -- TheStreet, Inc. (NASDAQ: TST), a leading financial news and information provider, announced today that Lake Street Capital Markets, a research-powered investment bank focused on select, high-growth companies and sectors of the economy, commenced research coverage of TheStreet, Inc.
Mark Argento, Senior Research Analyst, authored the report entitled, Putting a Heartbeat Back in TheStreet; Initiating Coverage with BUY; $2 Price Target.
The report details the sizable growth opportunities in the B2B sector as TST targets the corporate and institutional markets with high-value subscription products from business units BoardEx and The Deal. Argento says, "Not only do these properties provide diversification and revenue visibility, their content and data acquisition capabilities can be leveraged into TheStreet's subscription and website offerings."
"We are pleased to have the research coverage of Lake Street commence on TheStreet, Inc. which validates our work to diversify our product offerings and market them globally to both individual and institutional investors," said David Callaway, Chief Executive Officer.
Chairman of the Board, Larry Kramer commented, "I'm thrilled that our efforts to evolve TheStreet, Inc. into a more sophisticated financial news, data and information company has been noted by Lake Street, which has a reputation for smart, in-depth and balanced analysis. We're looking forward to more industry observation of TST as the company continues to grow."
In the report, Mr. Argento writes, "We believe the duo of Kramer and Callaway has the potential to remake the platform and its various businesses into a scalable, profitable enterprise. We expect the Kramer-Callaway TST turnaround script to follow their prior joint efforts at MarketWatch and USA Today—consolidate news and reporting operations and leverage content across platforms to grow readership and subscriptions."
Please contact your Lake Street client representative for the full report.
About TheStreet, Inc.
TheStreet, Inc. (NASDAQ: TST, www.t.st) is a leading financial news and information provider to investors and institutions worldwide. The Company's flagship brand, TheStreet (www.thestreet.com), is celebrating its 20th year of producing unbiased business news and market analysis for individual investors. The Company's portfolio of institutional brands includes The Deal (www.thedeal.com), which provides actionable, intraday coverage of mergers, acquisitions and all other changes in corporate control; BoardEx (www.boardex.com), a relationship mapping service of corporate directors and officers; and RateWatch (www.rate-watch.com), which supplies rate and fee data from banks and credit unions across the U.S.
About Lake Street Capital Markets
Lake Street Capital Markets is a research-powered investment bank focused on select, high-growth companies and sectors of the economy. Its research enables institutional investors to understand emerging secular trends and identify innovative companies best positioned to capitalize on them. Lake Street provides companies with access to capital and helps build relationships to drive long-term growth. (www.lakestreetcapitalmarkets.com)
Contact: Jon Kostakopoulos, 212-321-5561, Jon Kostakopoulos at thestreet.com
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SOURCE TheStreet, Inc.