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Shift4 Payments rises after Wall Street analysts lift PTs

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** Shares of payments processor Shift4 Payments FOUR.N rise ~4% to $79.90

** At least five brokerages raise price targets on the stock after results

** "We think the fundamental set up is stronger than years past, and expect FOUR to continue on its beat and raise path," write analysts at Wells Fargo

** Co on Tuesday forecast FY 2024 adjusted EBITDA between $635 mln to $675 mln, the midpoint of which was above analysts' expectations of $641.7 mln - LSEG

** "FOUR management called out investments in internal systems and AI plus big steps on geographic expansion" - Mizuho

** FOUR had reported Q4 gross profit of $184.6 mln, up 33% from a year earlier

** Shares in FOUR up ~7.5% YTD; stock gained ~33% in 2023

Reporting by Manya Saini in Bengaluru


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