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Fly News Breaks for September 18, 2015
INTU
Sep 18, 2015 | 05:49 EDT
Jefferies analyst Brad Zelnick says Intuit's long-term strategy remains intact after the company cut its FY17 earnings outlook to $4.00-$4.50 from $5.00. Zelnick cut his price target for shares to $108 from $115 but believes Intuit is well positioned to execute against the new expectations. He keeps a Buy rating on the stock.