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Fly News Breaks for February 24, 2020
INTU
Feb 24, 2020 | 05:09 EDT
Jefferies analyst Brent Thill says that while an acquisition of Credit Karma would be Intuit's largest deal by a factor of five for a company with a "mixed track record" on past deals, there are "significant" strategic benefits, which should pay off over time. The potential acquisition could accelerate Intuit's consumer finance initiatives, Thill tells investors in a research note. He keeps a Buy rating on Intuit shares with a $320 price target.
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