Credit Suisse analyst Timothy Chiodo keeps an Outperform rating and $75 price target on Shift4 Payments (FOUR), saying the company has indicated that it has no exposure to the cybersecurity issue at MGM Resorts (MGM). While the online business of BetMGM is a customer where Shift4 handles a small portion of its overall volume, Shift4 has confirmed that it is not associated with the cybersecurity issue at MGM, the analyst tells investors in a research note.
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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on FOUR:
- Shift4 weakness due to market ‘misreading’ MGM cyber-attack, says RBC Capital
- Shift4 Payments management to meet with BTIG
- TipRanks ‘Perfect 10’ List: Recent Pullback Could Present an Opportunity for These 2 Top ‘Smart Score’ Stocks
- Netflix upgraded, Olaplex downgraded: Wall Street’s top analyst calls
- Shift4 Payments upgraded to Equal Weight from Underweight at Morgan Stanley