Market Overview

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

Related INTU
The Latest in College Trends: The Mobile-Apps Sector
Tax Day Puts These Stocks in Focus - Analyst Blog

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.

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

 

Most Popular

Related Articles (INTU)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free