** 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
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.