Goldman Maintains Price Target On H&R Block (HRB)

Goldman Sachs is maintaining its $12 price target and Neutral rating on H&R Block, Inc. HRB. In a note to clients, Goldman writes, "We apply a new valuation method for tax preparation company H&R Block but maintain our $12 price target. Our new valuation method takes into account HRB's recent volatility as well as the fluid nature of ongoing headline risks. We stay Neutral but expect negative headlines and a challenging operating environment in 2011." Shares of HRB gained 26 cents yesterday to close at $11.48, a gain of 2.3%.