Truist analyst Andrew Jeffrey recommends investors add to Shift4 Payments positions following a negative report issued by a firm short the stock that it refers to as "another spurious bear raid." The firm, which refers to Shift4 as "an attractive growth franchise and potential acquisition target," thinks this morning’s negative report is "simply another opportunistic attack on a fast-growing FinTech. While the company has been active in M&A and "at one point had relatively aggressive accounting," this "has subsequently been cleaned up," according to Truist, which keeps a Buy rating and $87 price target on Shift4 shares.
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Published first on TheFly
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