Citi opens ‘positive catalyst watch’ on Shift4 into earnings

Citi analyst Andrew Schmidt added a “90-day positive catalyst watch” on Shift4 Payments while keeping a Buy rating and $92 price target on the shares. The firm likes the company’s set up after getting “back to basics” and moving past takeover hype last quarter. In addition to illustrating second half of 2024 visibility, investors await Shift4’s revised fiscal 2204 outlook inclusive of the Revel and Vectron acquisitions, the analyst tells investors in a research note. Citi finds the stock attractive at current levels.