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UPDATE: Citi Lowering Price Target On Intuit

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Citi Investment Research is out with a research report on Intuit Inc. (NASDAQ: INTU) and is lowering its price target to $53 from $63, and it has a Buy rating on shares.

In a note to clients, Citi Investment Research writes, "Q4 Revenue of $593M was ahead of our $588M estimate and consensus of $583M. Strength was driven by Small Business Group (SBG) beating consensus estimates by $5M. EPS of $0.02 was in line with our $0.02 and ahead of consensus at $0.00."

Shares of INTU lost $2.08 yesterday to close at $40.30.

Posted-In: Citi Investment ResearchAnalyst Color Price Target Analyst Ratings

 

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