Wedbush Maintains an 'Outperform' on Intuit (INTU); Removing From Best Ideas List on Valuation

Wedbush maintains an 'Outperform' on Intuit (NASDAQ: INTU) price target raised $1 to $64.

Wedbush analyst says, "We are removing INTU from the Best Ideas List solely on valuation. We believe INTU will continue to outpeform based on dependable secular trends that will drive double-digit earnings growth. However, the potential return is lower as INTU is up 30% since addition to BIL on 8/11 at $39.94 versus 5% for the S&P 500."

"Raising FY2012 estimate to $2.92 from $2.90. Also raising FY2013 estimate to $3.38 from $3.33."

For an analyst ratings summary and ratings history on Intuit click here. For more ratings news on Intuit click here.

Shares of Intuit closed at $51.75 yesterday.

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