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Fly News Breaks for April 17, 2019
INTU
Apr 17, 2019 | 08:28 EDT
Guggenheim analyst Ken Wong kept his Buy rating on Intuit coming out of the final weekend of the 2019 tax season, saying that its TurboTax platform saw a "significant uptick in demand relative to interactions in late February and throughout March." The analyst states that the platform had weekend wait times of 45 minutes to 2 hours, while his interactions with Intuit accountants indicated that they were "asked to take on additional shifts to meet customer demand with the increase in capacity."
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