Raymond James lowered the firm’s price target on Shift4 Payments (FOUR) to $120 from $126 and keeps a Strong Buy rating on the shares ahead of the Q3 print. Weakness from Global Blue in the first quarter post-deal close is not ideal, although the core business is tracking as expected, and the firm remains optimistic about the longer-term revenue synergies, the analyst tells investors in a research note. The firm continues to view the risk/reward favorably.
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