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Fly News Breaks for February 25, 2020
INTU
Feb 25, 2020 | 05:27 EDT
Jefferies analyst Brent Thill raised the firm's price target on Intuit to $330 from $320 and keeps a Buy rating on the shares. Along with a "solid" fiscal Q2 print and reiterated fiscal 2020 guide, Intuit confirmed the Credit Karma acquisition for $7.1B, Thill tells investors in a research note. While a deal of this size brings inherent challenges, Intuit is better equipped to succeed than in the past given its larger scale and tighter strategic focus, says the analyst. The company remains a favorite large cap story for Thill.
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