Wedbush Reiterates Outperform on Intuit

Wedbush is out with its report today on Intuit INTU, reiterating Outperform. In its report, Wedbush writes, "We believe INTU will continue to outpace the market based on dependable secular trends that will drive double-digit earnings growth. We see Intuit as a long-social, cloud and mobile technology leader with a distinguished execution track record, that generates >60% of profits from an impenetrable cycle-neutral tax business." Wedbush maintains a $63 PT on INTU. Shares of INTU closed Thursday at $48.44.