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Fly News Breaks for February 25, 2020
INTU
Feb 25, 2020 | 07:20 EDT
BofA analyst Kash Rangan raised the firm's price target on Intuit to $320 from $303 and keeps a Buy rating on the shares after the company reported Q2 results and the announced its planned acquisition of Credit Karma. He is confident that Intuit can deliver sustained beats and raises in FY20 given its proven ability to upsell services, its continued investment into Turbo Tax and strength in the small business ecosystem, Rangan tells investors.
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