Morgan Stanley Maintains Equal-Weight on Shift4 Payments, Lowers Price Target to $66
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst James Faucette has maintained an Equal-Weight rating on Shift4 Payments (FOUR) but lowered the price target from $70 to $66.
May 10, 2024 | 3:50 pm
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Morgan Stanley has maintained its Equal-Weight rating on Shift4 Payments but reduced the price target from $70 to $66.
The reduction in price target by a reputable analyst like Morgan Stanley could lead to a negative short-term sentiment among investors, potentially causing a decrease in the stock price. The Equal-Weight rating suggests that the analyst sees the company as adequately valued at its current price, but the lowered price target indicates a revision of the expected future performance of the company.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100