Intuit (INTU) PT Raised to $254 at Oppenheimer Following 2Q
Oppenheimer analyst Scott Schneeberger raised the price target on Intuit (NASDAQ: INTU) to $254.00 (from $239.00) while maintaining an Outperform rating following the company's 2Q report. Adjusted EPS of $1.00 exceeded consensus and guidance of $0.86/$0.85-0.88, respectively.
Despite meaningful F1Q19 and F2Q19 outperformance and F3Q19 guidance encompassing expectations, Oppenheimer is conservatively maintaining FY19 adjusted EPS estimates of $6.48 (guidance remains $6.40-6.50).