Commenting on President-elect Donald Trump’s nomination of Shift4 Payments (FOUR) Chairman and CEO Jared Isaacman as Administrator of NASA, DA Davidson says that while the firm views this as a surprise, Isaacman has demonstrated a clear passion for advancing space travel and research. Shares of Shift4 are trading down 6%-8% intraday, likely on concerns that Isaacman will need to leave his position as CEO of Shift4 in order to accept the position, DA Davidson notes. The firm views the news with mixed feelings, as it saw Isaacman as a unique entrepreneurial visionary. DA Davidson keeps a Buy rating on the shares with a price target of $126.
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Read More on FOUR:
- RBC remains bullish on Shift4 as CEO leaves to join new Trump administration
- Shift4 drops 6% to $107.19 after Trump nominates CEO to lead NASA
- Shift4 CEO Jared Isaacman accepts nomination to lead NASA
- Shift4 Payments teams with Memphis Grizzlies for tickets and food & beverage
- Shift4 Payments price target raised to $125 from $119 at Goldman Sachs
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
