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Fly News Breaks for February 1, 2019
INTU
Feb 1, 2019 | 06:27 EDT
Goldman Sachs analyst Christopher Merwin resumed coverage of Intuit with a Neutral rating and $212 price target. While the analyst expects to see further momentum in fiscal 2019, he believes the company's consumer business will face tougher comps. Further, he believes the recent change in tax legislation will cause more filers to take the standard deduction, creating trade-down risk to the free product.
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