Shift4 Payments price target raised to $154 from $116 at RBC Capital

RBC Capital analyst Daniel Perlin raised the firm’s price target on Shift4 Payments (FOUR) to $154 from $116 and keeps an Outperform rating on the shares. The company’s Investor Day highlighted several strategic items, but the biggest news was its acquisition of Global Blue, which likely accelerates significant international market expansion, particularly in the retail vertical, the analyst tells investors in a research note. The presentation also highlighted medium-term guidance with an expanded total addressable market to $14T and the strength of its go-to-market strategy, the firm adds.