Shift4 Payments price target raised to $80 from $70 at RBC Capital

RBC Capital raised the firm’s price target on Shift4 Payments to $80 from $70 and keeps an Outperform rating on the shares. The company’s Q4 results were "solid" in spite of the macro concerns, while its outlook highlights continued strength in its high growth core business, new vertical conversions, and the opportunity for international expansion, the analyst tells investors in a research note. The Finaro acquisition should also receive regulatory approval and close in Q2, which should be a key driver to incremental international growth, the firm added.