Shift4 Payments upgraded to Neutral from Sell at Redburn Atlantic

Redburn Atlantic analyst Dominic Ball upgraded Shift4 Payments (FOUR) to Neutral from Sell with an unchanged price target of $53. The 16% share price decline year-to-date, the CEO’s stated willingness to explore acquisition offers, Fiserv’s (FISV) silence around denying any interest in acquiring Shift4 and the increased private equity activity in the payment space point to a heighted possibility that Shift4 will be acquired, the analyst tells investors in a research note. As such, the firm believes the stock’s risk/reward skew is more balanced.