BofA raised the firm’s price target on Shift4 Payments (FOUR) to $95 from $85 and keeps a Buy rating on the shares following yesterday’s media report suggesting Fiserv (FI) and Amadeus (AMADY) could be competing to potentially acquire the company. While the firm would be “somewhat surprised” to see either of those two as buyers, the news is consistent with ongoing public commentary from Shift4’s founder and CEO, as recently as yesterday’s earnings call, regarding consideration of strategic alternatives, the analyst tells investors.
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- Shift4 Payments price target raised to $90 from $85 at Seaport Research
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- Shift4 Payments price target raised to $94 from $80 at RBC Capital
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