Shift4 Payments (FOUR) is a publicly traded company that provides payment processing solutions to healthcare providers in the United States. The company's stock is listed on the New York Stock Exchange under the ticker symbol "FOUR".
On Wednesday morning, UBS Group released a research report on FOUR and raised its price objective from $75.00 to $100.00. This means that UBS Group believes that the stock is undervalued and could potentially reach a higher price in the future. The brokerage currently has a buy rating on the stock, which indicates that they believe it is a good investment opportunity for their clients.
It's worth noting that FOUR has been the subject of several other research reports from different brokerages. Evercore ISI, for example, reduced their price target on the stock in a separate report. This suggests that there may be differing opinions among analysts about the potential future performance of the company and its stock.
Overall, the news of UBS Group raising its price objective on FOUR to $100.00 is a positive development for the company and its shareholders. However, it's important to remember that stock prices can be volatile and subject to change based on a variety of factors, including market conditions, company performance, and broader economic trends. As such, investors should always conduct their own research and consider seeking advice from a financial advisor before making any investment decisions.
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