DA Davidson analyst Peter Heckmann lowered the firm’s price target on Shift4 Payments (FOUR) to $74 from $82 but keeps a Buy rating on the shares after its Q1 results. The management affirmed their prior guidance for 2026 despite an approximate $25M-$26M anticipated drag on Tax-Free Shopping revenue in the first-half from ongoing disruptions to global travel patterns, the analyst tells investors in a research note. The firm further notes that despite higher acquisition integration and financial leverage risks, it sees the stock as undervalued at current levels.
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