Market Overview

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

Share:
Related INTU
Facebook, Google Make Glassdoor's List Of Top 50 Places To Work
10 Stocks With Highest Close In Three Weeks

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

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!