Shift4 Payments price target lowered to $67 from $100 at Benchmark

Benchmark lowered the firm’s price target on Shift4 Payments (FOUR) to $67 from $100 and keeps a Buy rating on the shares. The Q4 print “justified concern but not the panic it appears to have caused,” the analyst tells investors in a post-earnings note. The plunge of more than 23% during the two trading sessions following the report suggests investors are pricing in structural deterioration in the business, when the firm believes “the reality is more nuanced and not nearly as dire as the downdraft would suggest,” the analyst added.