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Fly News Breaks for May 24, 2018
INTU
May 24, 2018 | 07:51 EDT
Argus analyst Jim Kelleher raised his price target on Intuit to $225 and kept his Buy rating after the company's "all-important" tax quarter earnings beat and raised guidance. The analyst notes that despite the slow start, consumer business grew segment grew its revenue by 15% thanks to its new video tools while the Small Business segment posted a revenue growth rate of 16%. Kelleher believes that Intuit shares remain attractively value even after a "strong run-up over the past years", trading at a comparable-to-peer premium relative to historical comparables.
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