Shift4 Payments price target lowered to $135 from $140 at BTIG

BTIG analyst Andrew Harte lowered the firm’s price target on Shift4 Payments (FOUR) to $135 from $140 and keeps a Buy rating on the shares. The stock traded down 11% last night following the company’s Q4 results and investor day presentations, the analyst tells investors in a research note. The firm thinks the stock price pressure is primarily related to the Q4 results and fiscal 2025 guidance. BTIG thinks Shift4’s guidance us “very conservative” and says investor day presentations “were a good reminder of the reasons we believe FOUR is an attractive Buy.” It believes the presentations will support the share price.