Truist raised the firm’s price target on Shift4 Payments to $87 from $80 and keeps a Buy rating on the shares as part of a broader research note on FinTech and Info Services. The failures of three regional banks ranges from muted to material, and while the concern about tech demand in the industry and the macro knock-on risk is reasonable, some names have overreacted, the analyst tells investors in a research note.
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