Oppenheimer lowered the firm’s price target on Shift4 Payments (FOUR) to $112 from $115 and keeps an Outperform rating on the shares as part of a Q3 preview for the financial technology space. The firm says data points through September indicate consumer spending remained resilient. Due to “elevated economic uncertainty, ” the analyst continues to recommend “defensive names” like Visa (V), Mastercard (MA), FIS (FIS), and Jack Henry (JKHY).
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