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Fly News Breaks for August 17, 2018
INTU
Aug 17, 2018 | 08:18 EDT
RBC Capital analyst Ross MacMillan raised his price target on Intuit to $240, saying that the tax reform will result in more people taking the standard deduction this year and thus yield more filers taking the do-it-yourself over assisted approach. The analyst is also positive on Intuit relying more on "hybrid digital solutions" to appeal to the "marginal assisted users". MacMillian keeps his Sector Perform rating on the shares, citing valuation.
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