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Fly News Breaks for April 12, 2019
INTU
Apr 12, 2019 | 07:19 EDT
Deutsche Bank analyst Michael Turrin raised his price target for Intuit to $280 from $270 after surveying 1,000 U.S. tax filers. Despite changes to the tax code, Filers appear to be mostly maintaining the status quo and sticking with whatever method they used last year, Turrin tells investors in a research note. He points out that 54% of respondents using do-it-yourself versus 52% last year. The analyst sees 2019 as "another big year" for TurboTax average revenue per user expansion and keeps a Buy rating on Intuit.
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