Evercore ISI lowered the firm’s price target on Shift4 Payments to $100 from $105 and keeps an Outperform rating on the shares. Shift4 Payments’ Q1 adjusted EBITDA fell short of consensus estimates, but management maintained their 2024 net revenue guidance, the analyst tells investors in a research note. Evercore remains constructive on Shift4 given multiple opportunities to drive “superior” net revenue growth and margin expansion.
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