i3 Verticals price target raised to $26 from $23 at KeyBanc

KeyBanc analyst Josh Beck raised the firm’s price target on i3 Verticals to $26 from $23 and keeps an Overweight rating on the shares ahead of quarterly results. The firm expects “down the middle” quarter. Focus has shifted to potential sale of merchant acquiring business, KeyBanc adds, noting that if transaction announced, it could see a positive reaction depending on sale multiple/proceeds.