According to Oppenheimer, Intuit (NASDAQ: INTU) price target is raised to $58.
Oppenheimer said that Intuit's F1Q12 non-GAAP EPS of ($0.10) outperformed the estimate/consensus of ($0.13)/($0.12). “We're increasing our price target from $54 to $58.”
Intuit closed yesterday at $51.75.
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