Shift4 Payments price target lowered to $70 from $80 at BTIG

BTIG lowered the firm’s price target on Shift4 Payments (FOUR) to $70 from $80 and keeps a Buy rating on the shares after hosting an investor call with its management team. The firm contends that the stock pressure over the last few quarters is warranted considering organic growth has slowed from about 20% to low-double-digits, the analyst tells investors in a research note. BTIG adds however that the bear narrative that Shift4 is a single-digit organic growth business going forward ignores the many growth levers at its disposal.