RBC Capital analyst Daniel Perlin notes the short report that was release this morning with allegations regarding Shift4 Payments’ accounting practices, strategy and its governance and says that "as with most short reports, we need time to separate fact from fiction." Until management can address the claims, the short report will "likely weigh on the shares" and it will "likely be a main topic of discussion" going into the company’s Q1 earnings, added the firm, which has an Outperform rating and $80 price target on Shift4 shares.
Published first on TheFly
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