DA Davidson notes that Bloomberg reported that Shift4 CEO Jared Issacman relayed to employees in an internal memo that the company had received multiple offers above its current stock price, but the board rejected these bids as not sufficiently valuing the company. Shares are falling in early Monday trading in the wake of this news, notes the firm, which views shares as “very attractive at current levels” and reiterates a Buy rating and $96 price target on the stock.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on FOUR:
- Fiserv buying Shift4 at $95 per share could make sense, says Mizuho
- Seaport Research says Block should acquire Shift4 Payments
- Shift4 Payments price target raised to $95 from $85 at BofA
- Shift4 takeout price could be $130-$138 per share, says DA Davidson
- Fiserv, Amadeus main contenders to acquire Shift4 Payments, Reuters says
