Oppenheimer Upgrades H & R Block (HRB); It's Time to Buy This Tax Leader

Oppenheimer upgraded H & R Block (NYSE: HRB) from Perform to Outperform with a price target of $19.00.

The firm anticipate favorable catalysts over coming weeks/months which will motivate value investors.

Interest in tax stocks typically builds in Nov/Dec, the firm notes. In addition, while the stock has been "untouchable" to value investors on its suspended cash deployment strategy, they see this uncertainty being alleviated at the comapny's 12/8/11 Investor Day through increased dividend/buyback activity.

For an analyst ratings summary and ratings history on H & R Block click here. For more ratings news on H & R Block click here.

Shares of H & R Block closed at $15.53 yesterday.

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