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Shift4 Payments initiated with bearish view at Redburn Atlantic, here’s why

Redburn Atlantic initiated coverage of Shift4 Payments with a Sell rating and $49 price target. The analyst says why Shift4 should be valued as a legacy payment business, “not a disruptor.” The firm anticipates Shift4’s earnings may fall short of consensus’ expectations. Redburn says the company is buying some of its fast growth. A

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