Shift4 Payments price target lowered to $126 from $140 at Raymond James

Raymond James analyst John Davis lowered the firm’s price target on Shift4 Payments (FOUR) to $126 from $140 and keeps a Strong Buy rating on the shares. Shift4 Payments reported mixed Q2 results, with revenue beating estimates by 1% and adjusted EBITDA largely in-line with forecasts, the analyst tells investors in a research note. The firm continues to see a compelling risk/reward as there was no “smoking gun” in the quarter that changes the long-term thesis.