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

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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
Nov 2016Evercore ISI GroupInitiates Coverage OnHold
Sep 2016Morgan StanleyDowngradesEqual-WeightUnderweight
Aug 2016OppenheimerMaintainsOutperform

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

 

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