Morgan Stanley lowered the firm’s price target on Shift4 Payments (FOUR) to $107 from $109 and keeps an Equal Weight rating on the shares. The firm likes Shift4’s announced acquisition of Global Blue (GB), which should add attractive complementary solutions and meaningful cross-sell opportunities, says the analyst after the latter reported its Q3 results. Global Blue could add another 20 basis points to Shift4 revenue growth in FY25, the analyst estimates.
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