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Fly News Breaks for March 27, 2019
INTU
Mar 27, 2019 | 07:25 EDT
Oppenheimer analyst Scott Schneeberger raised his price target for Intuit to $269 from $254 on his appreciation of the company's turbotaxlive transformational financial growth opportunity/economic cycle resiliency/strong free cash flow. With Small Business momentum favorable and the segment well positioned for persistent growth, Intuit's potential to expand the TAM of its Consumer segment via its foray into assisted tax preparation with its second-year offering turbotaxlive is garnering significant focus, he contended. Schneeberger reiterates an Outperform rating on the shares.
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