Information Provided By:
Fly News Breaks for January 22, 2019
INTU
Jan 22, 2019 | 07:52 EDT
Credit Suisse analyst Brad Zelnick raised his price target for Intuit to $255 from $250 based on a more optimistic DCF scenario. Given the confluence of uncertainties this tax season, the analyst believes the range of outcomes for Intuit's TurboTax business may be wider than in years past. His analysis, however, finds the assumptions required to achieve FY19 guidance/consensus appear modest, and believes the risk favors the upside. Zelnick reiterates an Outperform rating on the shares.