As previously reported, Loop Capital initiated coverage of Shift4 Payments with a Hold rating and $40 price target. The firm notes that the company's organic growth level of 11% has puts and takes while warning that its incremental margins are expected to fall, the analyst tells investors in a research note. Loop adds that Shift4 adjusted EPS is "highly inflated" vs. peer comparable metrics while also noting that its valuation upside is limited when valued on a peer comparable EPS metric.
