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Fly News Breaks for February 25, 2020
INTU
Feb 25, 2020 | 08:48 EDT
Wells Fargo analyst Michael Turrin raised his price target for Intuit to $305 from $300 saying that the company added a jolt to what is generally a "sleepier quarter" for the story, announcing the acquisition of personal finance app and tax-related competitor Credit Karma for about $7B. In terms of Q2, the analyst notes that Intuit put up another generally "solid" quarter, highlighted by continued strength from the small business segment and EPS outperformance. He has an Equal Weight rating on the shares.
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