Morgan Stanley Upgrades Shift4 Payments to Equal-Weight, Raises Price Target to $57
Portfolio Pulse from richadhand@benzinga.com
Morgan Stanley analyst James Faucette has upgraded Shift4 Payments (NYSE:FOUR) from Underweight to Equal-Weight and raised the price target from $52 to $57.
August 25, 2023 | 9:03 am
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POSITIVE IMPACT
Shift4 Payments has been upgraded by Morgan Stanley from Underweight to Equal-Weight, with a price target increase from $52 to $57.
The upgrade from Morgan Stanley is a positive signal for Shift4 Payments. The change from Underweight to Equal-Weight indicates a more favorable view of the company's stock, and the increase in price target suggests that the analyst sees potential for the stock's price to rise. This could lead to increased investor interest and potentially a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100