Shift4 Payments price target lowered to $83 from $95 at Goldman Sachs

Goldman Sachs analyst Will Nance lowered the firm’s price target on Shift4 Payments (FOUR) to $83 from $95 and keeps a Buy rating on the shares. Shares of Shift4 Payments outperformed despite a cautious backdrop, as results were largely in line with expectations and guidance mostly reiterated, the analyst tells investors in a research note. Disclosures on high-teens organic growth, improved transparency under the new CFO, and continued revenue synergies from software client conversions reinforce Shift4’s positioning as a strong capital allocation story with durable growth potential, Goldman Sachs argues.