Shift4 Payments price target lowered to $50 from $71 at Truist

Truist analyst Matthew Coad lowered the firm’s price target on Shift4 Payments (FOUR) to $50 from $71 and keeps a Hold rating on the shares as part of a broader research note adjusting the firm’s models on Payments names following Q4 results. Truist notes the company’s slightly higher volumes were offset by a lower revenue yield while also citing lower peer multiples in its price target cut, the analyst tells investors in a research note. The firm adds that it continues to worry about a slower than expected pace of organic revenue growth for Shift4.