Shift4 Payments initiated with an Outperform at William Blair

William Blair initiated coverage of Shift4 Payments with an Outperform rating. The analyst expects Shift4 to post above-average revenue, EBITDA and free cash flow growth as it takes market share. The firm considers Shift4 “unique, operating four complementary businesses.” The company is a rising competitor in the roughly $12 trillion U.S. electronic payments market, the analyst tells investors in a research note.