Shift4 Payments price target raised to $120 from $105 at Susquehanna

Susquehanna analyst James Friedman raised the firm’s price target on Shift4 Payments (FOUR) to $120 from $105 and keeps a Positive rating on the shares. The firm said they delivered a mixed print where margins beat, but E2E volumes and Net Revenue were below. Susquehanna thinks it was more macro than micro, given the company’s still significant exposure to discretionary consumer spending in Hospitality.