Truist lowered the firm's price target on Shift4 Payments to $46 from $50 and keeps a Hold rating on the shares as part of a broader research note on Payments names. The firm notes that its estimates across metrics are little changed aside from its adjusted EPS forecasts increasing in the low single digit range as a result of a lower stock price, though it expects Q2 to be another solid quarter for Shift4, with growth supported by some level of World Cup boost, the analyst tells investors in a research note.
