Mizuho lowered the firm’s price target on Shift4 Payments to $75 from $80 and keeps a Buy rating on the shares. The company’s Q3 results were “fair,” although reducing the high-end of the fiscal year guidance from $114B in E2E volumes to $109.5B and gross revenue less network fees to $960M from $980M “were less encouraging,” the analyst tells investors in a research note. The firm reduced estimates on the new guidance.
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