Shift4 Payments rises after Wells Fargo upgrades stock to 'overweight'

Shift4 Payments

25/08/2026 18:43

** Shares of payments firm Shift4 Payments FOUR.N up 2.5% to $49.2 after Wells Fargo upgrades to "overweight" from "equal weight"
** Brokerage says there has been ample negativity around FOUR, partly due to unforced communication errors, but sees scope for upside if investor confidence improves 
** Adds confidence could improve on progress in international expansion, Global Blue revenue synergies, stronger free cash flow generation and potential strategic alternatives
** Says, Middle East challenges remain a wild card but are well understood by investors, but sees organic growth as resilient despite regional uncertainty
** Brokerage also raised PT to $59 from $55, implying 22.9% upside to the stock's last close
** Including session's move, stock down 21.5% YTD



 (Reporting by Pragyan Kalita in Bengaluru)
 ((Pragyan.Kalita@thomsonreuters.com;))