Intuit (INTU) PT Raised to $254 at Oppenheimer Following 2Q
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Price: $258.05 +0.11%
Rating Summary:
35 Buy, 9 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 14 | New: 26
Rating Summary:
35 Buy, 9 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 14 | New: 26
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Oppenheimer analyst Scott Schneeberger raised the price target on Intuit (NASDAQ: INTU) to $254.00 (from $239.00) while maintaining an Outperform rating following the company's 2Q report. Adjusted EPS of $1.00 exceeded consensus and guidance of $0.86/$0.85-0.88, respectively.
Despite meaningful F1Q19 and F2Q19 outperformance and F3Q19 guidance encompassing expectations, Oppenheimer is conservatively maintaining FY19 adjusted EPS estimates of $6.48 (guidance remains $6.40-6.50).
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