Intuit (INTU) Shares Paring Gains as Stifel Can't Find Catalyst for Continued Growth
Get Alerts INTU Hot Sheet
Price: $635.49 +0.73%
Rating Summary:
31 Buy, 5 Hold, 1 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Rating Summary:
31 Buy, 5 Hold, 1 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Join SI Premium – FREE
Shares of Intuit (Nasdaq: INTU) are giving up a portion of Wednesday's nearly 6 percent earnings-related gain Thursday as traders are considering a concerning note from Stifel Nicolaus' Tim Klasell. The stock last traded at $58.97, down 3.2 percent for the session.
The analyst this morning initiated coverage on Intuit with a Hold rating. Although Klasell believes Intuit is pushing in the right direction to grow with initiatives like payment processing, the analyst said "We cannot see a catalyst of significant-enough size to accelerate top-line growth and earn the company a higher multiple."
To track all the market-moving analyst comments on shares of Intuit, visit our Analyst Ratings page.
The analyst this morning initiated coverage on Intuit with a Hold rating. Although Klasell believes Intuit is pushing in the right direction to grow with initiatives like payment processing, the analyst said "We cannot see a catalyst of significant-enough size to accelerate top-line growth and earn the company a higher multiple."
To track all the market-moving analyst comments on shares of Intuit, visit our Analyst Ratings page.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- BofA Securities Starts GE Vernova (GEV) at Neutral, 'Multiyear turnaround amid positive demand backdrop'
- Evercore ISI Comments on IBM (IBM) Earnings
- Methanex (MEOH) Tops Q1 EPS by 35c
Create E-mail Alert Related Categories
Analyst Comments, New CoverageRelated Entities
Stifel, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!