Jefferies Downgrades Intuit (INTU) to Hold; Sees Limited Upside
Tweet
Share
E-mailGet Alerts INTU Hot Sheet
Price: $345.66 -3.53%
Rating Summary:
31 Buy, 12 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
31 Buy, 12 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Jefferies downgraded Intuit (NASDAQ: INTU) from Buy to Hold with a price target of $55.00.
The firm sees limited upside to estimates in FY12 based on a recent SMB proprietary survey and work they've done on the consumer tax biz.
"The stock has worked well as both a multiple expansion and defensive story, but we feel much is discounted into the valuation," the analyst said.
For more ratings news on Intuit click here and for the rating history of Intuit click here.
Shares of Intuit closed at $55.21 yesterday.
The firm sees limited upside to estimates in FY12 based on a recent SMB proprietary survey and work they've done on the consumer tax biz.
"The stock has worked well as both a multiple expansion and defensive story, but we feel much is discounted into the valuation," the analyst said.
For more ratings news on Intuit click here and for the rating history of Intuit click here.
Shares of Intuit closed at $55.21 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Intuit (INTU) PT Raised to $328 at TD Cowen
- Intuit Advances Its Mid-Market Platform With Conversational AI, Enterprise Scale, and Deep Industry Workflows for CFOs and Accounting Firms
- Wells Fargo Downgrades Roku Inc. (ROKU) to Equal Weight
Create E-mail Alert Related Categories
Downgrades, Hot DowngradesRelated Entities
Jefferies & CoSign 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!
