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Shift4 CEO nomination withdrawal at NASA could provide a boost, says Benchmark

Benchmark notes that President Trump announced on Saturday that he was withdrawing the nomination of Shift4 Payments (FOUR) CEO Jared Isaacman as NASA Administrator, though Shift4 has yet to make an official announcement regarding Isaacman’s continuation in the CEO role. The firm believes Shift4’s prospects “would be enhanced significantly” by Isaacman’s continued focus on its strategic positioning and that Isaacman’s “re-entry” could give Shift4 “a boost,” says the analyst, who reiterates a Buy rating and $111 price target on the shares.

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