Truist Turns Bullish On Limelight Networks

Truist analyst Greg Miller upgraded Limelight Networks Inc (NASDAQ:LLNW) to Buy from Hold with a price target of $7, up from $3.
The price target implies an upside of 89%.
The stock has recovered from the trough and looks poised to re-accelerate growth, the analyst tells investors in a research note.
Miller adds that the traffic lost from poor performance with prior management is returning, while its cost structure has been "better rationalized."
Limelight Networks provides a content delivery network and value-added services, that help content owners improve streaming quality, download speeds, and advertising capabilities.
Price Action: LLNW shares traded higher by 4.58% at $3.65 on the last check Wednesday.