Jefferies Downgrades Intuit (INTU) to Hold; Sees Limited Upside
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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
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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.
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