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.
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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FOUR:
- Shift4 Payments: Strategic Acquisition of Global Blue Warrants Hold Rating Amid Integration and Financial Impact Concerns
- Shift4 Payments price target lowered to $124 from $140 at DA Davidson
- Shift4 Payments price target lowered to $117 from $120 at Barclays
- Sector Spotlight: Upbeat earnings, AI optimism put Chinese tech stocks in focus
- Shift4 Payments enters partnership with Alterra Mountain Company