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Fly News Breaks for February 26, 2018
INTU
Feb 26, 2018 | 08:39 EDT
Argus analyst Jim Kelleher raised his price target on Intuit to $195 after the company's Q2 earnings beat, adding that despite the strong run-up in the stock price over the past two years, valuation remains attractive. Longer term, Kelleher keeps his Buy rating based on the "rise of the entrepreneurial economy and the demise of the 'job-for-life' mentality", which should drive growth in accounting and tax needs for small businesses and self-employed.
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