JPMorgan Upgrades Blucora Inc. (BCOR) to Overweight

JPMorgan analyst William Cuddy upgraded Blucora Inc. (NASDAQ: BCOR) from Neutral to Overweight with a price target of $45.00 (from $42.00).

The analyst cites increased clarity on 2019 tax season competitive environment for the upgrade. he sees reduced risk from TurboTax when it comes to price competition in the TaxAct DIY segment and also sees increased probability of TaxAct ASP increasing somewhere between low-to-middle 20% in 2019 with "flattish units sold."

For an analyst ratings summary and ratings history on Blucora Inc. click here. For more ratings news on Blucora Inc. click here.

Shares of Blucora Inc. closed at $37.05 yesterday.

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