Market Overview

UPDATE: Morgan Stanley Upgrades H&R Block on GoHealth Opportunity

Related HRB
Zacks Rank #5 Additions for Thursday - Tale of the Tape
Tax Day Puts These Stocks in Focus - Analyst Blog
H&R Block Optimistic Bank Sale Will Get Green Light (Fox Business)

In a report published Tuesday, Morgan Stanley analyst Thomas Allen upgraded the rating on H&R Block (NYSE: HRB) from Equal-Weight to Overweight, and raised the price target from $25.00 to $33.00.

In the report, Morgan Stanley noted, “While HRB has traded off over the past few months on concerns ACA will be delayed or de-funded, we have warmed up to the stock, especially after HRB partnered w/ GoHealth. We've adjusted our ests to reflect our latest thinking on ACA / buybacks, resulting in F15 EPS of $2.20, 15x multiple, $33 PT.”

H&R Block closed on Monday at $26.66.

Posted-In: Morgan Stanley Thomas AllenAnalyst Color Upgrades Analyst Ratings

 

Most Popular

Related Articles (HRB)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free