Market Overview

UPDATE: Bank of America Lowers PO to $63 on Intuit Post Disappointing Quarter

Share:
Related INTU
Intuit Q3'16 Earnings Conference Call: Full Transcript
Deutsche Remains Bullish On Intuit Despite Market's Reaction To Q3 Results, Guidance
Apple Is Not Buying Time Warner - Cramer's Lightning Round (5/26/16) (Seeking Alpha)

Bank of America lowers its price objective on Intuit (NASDAQ: INTU) from $65 to $63 and reiterates its Buy rating on shares.

Bank of America notes, "Intuit provides investors with a rare combination of Cloud + mobile opportunities and can be a potential beneficiary of HTML5 adoption longer term. With minimal EU exposure (~5%), Intuit continues to operate with a shareholder friendly mindset (dividend + share buyback). Our PO goes to $63 (from $65) based on our SOTP analysis."

INTU closed at $54.41 on Thursday.

Latest Ratings for INTU

DateFirmActionFromTo
May 2016Goldman SachsInitiates Coverage onBuy
Apr 2016Credit SuisseInitiates Coverage onNeutral
Apr 2016Brean CapitalInitiates Coverage onBuy

View More Analyst Ratings for INTU
View the Latest Analyst Ratings

Posted-In: Bank of AmericaAnalyst Color Intraday Update Analyst Ratings

 

Related Articles (INTU)

View Comments and Join the Discussion!