Evercore ISI analyst Kirk Materne lowered the firm’s price target on Intuit (INTU) to $400 from $540 and keeps an Outperform rating on the shares. A TurboTax shortfall puts shares “in the penalty box,” the analyst tells investors.
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Read More on INTU:
- Intuit: Buy Rating Reaffirmed as Restructuring, High-End Tax Services Support Long-Term Growth at Lower $412 Target
- Intuit price target lowered to $406 from $558 at Oppenheimer
- Intuit price target lowered to $360 from $440 at UBS
- Intuit price target lowered to $375 from $500 at Stifel
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