Deutsche Bank resumed coverage of Shift4 Payments (FOUR) with a Buy rating and $120 price target The firm’s previous rating was Hold. Deutsche Bank resumed coverage on 25 stocks in the payments, processors, and IT services industry with 9 Buys, 14 Holds, and 2 restricted ratings. Both industries have materially underperformed the S&P 500 Index year-to-date as investor expectations for 2025 increased around the November election, leading to an end of year run-up “that has since proven overly-optimistic,” the analyst tells investors in a research note. The firm says that with trade uncertainty and consumer spending concerns, the outlook for the group “is as cloudy as it has been in the last five years.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FOUR:
- Shift4 Payments Expands Credit Facility and Completes Acquisition
- Shift4 completes acquisition of Global Blue for $7.50 per share in cash
- Shift4 Payments extends tender offer to acquire Global Blue
- Shift4 Payments to acquire Smartpay for NZ$1.20 per share
- DA Davidson research director holds a bison roundup conference call