UBS analyst Rayna Kumar raised the firm’s price target on Shift4 Payments to $93 from $86 and keeps a Buy rating on the shares. The firm previously assumed a closing date of July 1 for the Finaro acquisition, but is adjusting its model to exclude Finaro until the deal closes, the analyst tells investors in a research note. The firm continues to believe Shift4 will make strong progress in converting its $150B+ in gateway volume to its E2E platform, and continue to expand share in new verticals.
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