Edward Jones Reiterates Buy Rating on Intuit (INTU)

Edward Jones analyst Logan Purk reiterated a Buy rating on Intuit (NASDAQ: INTU).

The analyst comments "Leader in Tax-Prep and Business Software - Intuit maintains about a 73% market share in tax-filing software and about a 70% share in business-accounting software. With customer retention rates above 80%, we believe this reflects the stability of its client relationships and higher switching costs for businesses. These positions help maintain and grow Intuit's customer base."

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 $662.26 yesterday.

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