Oppenheimer lowered the firm’s price target on Shift4 Payments (FOUR) to $112 from $115 and keeps an Outperform rating on the shares as part of a Q3 preview for the financial technology space. The firm says data points through September indicate consumer spending remained resilient. Due to “elevated economic uncertainty, ” the analyst continues to recommend “defensive names” like Visa (V), Mastercard (MA), FIS (FIS), and Jack Henry (JKHY).
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>>
Read More on FOUR:
- Trump Trade: GoodRx, others in talks with White House to join TrumpRx
- Shift4 Payments price target lowered to $120 from $126 at Raymond James
- Trump again considers Isaacman to lead NASA, Bloomberg says
- Shift4 Payments price target lowered to $100 from $107 at Mizuho
- Unusually active option classes on open October 7th