
Raymond James upgrades payments processor Shift4 Payments FOUR.N to "strong buy" from "outperform" following the recent pullback in the stock
Brokerage believes investors don't fully appreciate the strategic rationale as well as the financial benefits of FOUR's $2.5 billion deal for travel and retail-focused financial technology platform Global Blue GB.N
Says while some investors were a bit disappointed in the initial 2025 outlook that was below slightly below consensus, the forecast will prove to be conservative given strong sales momentum and international expansion
Seventeen of 22 brokerages rate the stock "buy" or higher and five "hold"; median PT is $130 — LSEG data
FOUR stock down 16% YTD