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Fly News Breaks for January 23, 2018
HRB
Jan 23, 2018 | 08:27 EDT
BMO Capital analyst Jeffrey Silber raised his price target on H&R Block to $31 and kept his Market Perform rating. Silber cites the management-disclosed tax rate reduction of 8%-12% this year, but warns that the tax changes could also result in a negative impact on average revenue per return beginning in FY19, based on the lower number of itemized returns. The analyst also raised his FY18 EPS view to $2.75 from $2.04 on the corporate tax changes.
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