Market Overview

UPDATE: Bank of America Lowers PO to $63 on Intuit Post Disappointing Quarter

Share:
Related INTU
How Tax Company Earnings Fared In Q4
Benzinga's Top Upgrades, Downgrades For February 24, 2017
Safer' NASDAQ Index Dogs Match Dow Dogs At Higher Price Per March Dividend Dollar (Seeking Alpha)

Bank of America lowers its price objective on Intuit (NASDAQ: INTU) from $65 to $63 and reiterates its Buy rating on shares.

Bank of America notes, "Intuit provides investors with a rare combination of Cloud + mobile opportunities and can be a potential beneficiary of HTML5 adoption longer term. With minimal EU exposure (~5%), Intuit continues to operate with a shareholder friendly mindset (dividend + share buyback). Our PO goes to $63 (from $65) based on our SOTP analysis."

INTU closed at $54.41 on Thursday.

Latest Ratings for INTU

DateFirmActionFromTo
Feb 2017Credit SuisseUpgradesNeutralOutperform
Nov 2016Evercore ISI GroupInitiates Coverage OnHold
Sep 2016Morgan StanleyDowngradesEqual-WeightUnderweight

View More Analyst Ratings for INTU
View the Latest Analyst Ratings

Posted-In: Bank of AmericaAnalyst Color Intraday Update Analyst Ratings

 

Related Articles (INTU)

View Comments and Join the Discussion!