B. Riley reiterates a Buy rating on Shift4 Payments (FOUR) with a $150 price target following reports that the nomination of the company’s former CEO and founder, Jared Isaacman, to lead NASA has been withdrawn by the Trump Administration. This is unexpected news, as Isaacman’s Senate hearings went well, and he was projected to have support from as many as 70 Senators, the analyst tells investors in a research note. Riley believes Isaacman will return to his prior role at Shift4. The return, should it happen, will be positively received by investors, the firm contends.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FOUR:
- Shift4 CEO nomination withdrawal at NASA could provide a boost, says Benchmark
- Trump withdraws Jared Isaacman’s nomination to lead NASA
- Shift4 Payments initiated with a Hold at Truist
- Shift4 Payments further extends cash tender offer to acquire Global Blue
- Shift4 Payments Completes Issuance of Senior Notes