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Fly News Breaks for January 9, 2018
INTU
Jan 9, 2018 | 06:35 EDT
Deutsche Bank analyst Nandan Amladi raised his price target for Intuit to $180 saying the company benefits from both the upcoming 2017 tax filing season and law that lowers corporate taxes. Intuit is among a handful of software companies with a predominantly U.S. revenue base and nearly full tax rate, Amladi tells investors in a research note. He believes the company's tax burden should go significantly lower and remains bullish on its prospects. The analyst reiterates a Buy rating on the shares.
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