DA Davidson raised the firm’s price target on Shift4 Payments (FOUR) to $96 from $80 and keeps a Buy rating on the shares. The report by Bloomberg that Global Payments (GPN) may be considering a takeover bid for the company is “credible” as the CEO of Shift4 had recently said the company would be willing to consider strategic alternatives, the analyst tells investors in a research note. Given their size and other past deals, Global Payments would have the appetite and financial capability to pursue this deal, the firm added.
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