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'll 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)
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Contact: Jon Kostakopoulos,
212-321-5561, Jon Kostakopoulos at
thestreet.com
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SOURCE TheStreet, Inc.