Shift4 Payments price target lowered to $75 from $85 at Mizuho

Mizuho analyst Dan Dolev lowered the firm’s price target on Shift4 Payments to $75 from $85 and keeps a Buy rating on the shares following the Q1 report. With a solid quarter, manageable guidance, reaffirmed organic growth of “north of 25%” for the fiscal year, and a management team that knows how to extract value from gateway only volumes at low cost, Shift4 shares are attractive, the analyst tells investors in a research note. The firm trimmed the target multiple with the takeout option off the table.