UPDATE: Jefferies Cut Target in Intuit to $55

Loading...
Loading...
Jefferies lowers its price target from $58 to $55 on Hold-rated Intuit
INTU
as it trims consumer tax assumptions. Jefferies says, "We have lowered our Consumer Tax rev growth forecast for FY12 to +9% Y/Y from +11% prev and are now slightly below the guidance range (10-13%). All unit data STD has pointed to growth deceleration and we think that without very favorable share/ price mix dynamics, INTU's guidance could prove challenging. We take our PT to $55 (from $58) and maintain our Hold rating." INTU closed at $60.60 on Thursday.
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorPrice TargetReiterationPre-Market OutlookAnalyst RatingsJefferies
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...