Truist analyst Matthew Coad initiated coverage of Shift4 Payments (FOUR) with a Hold rating and $97 price target The firm struggles with Shift4’s acquisition-led growth strategy, saying it makes the company susceptible to always needing to find the next great deal and subjects Shift4 to churn risk over time due to underinvestment in its portfolio of software and point-of-sale assets. However, Truist expects success in Shift4’s hotel and stadium verticals to continue.
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