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Fly News Breaks for June 13, 2018
HRB
Jun 13, 2018 | 16:52 EDT
Barrington analyst Alexander Paris lowered his price target on H&R Block to $27, citing the company's worse than expected outlook for FY19. Paris especially notes the FY19 EBITDA margin forecast as "significantly below" his view. The analyst keeps his Outperform rating on H&R Block however, saying the current valuation of 12.8-times expected FY19 EPS is below the company's historical average of 14.2-times.
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