Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Markets & Finance

JP Morgan Keeps 'Overweight' on Intuit


JP Morgan maintains its overweight rating on Intuit (INTU).

Analyst Adam Holt says the software maker recently closed the books on the second quarter, and he's confident the company will meet or exceed the 57 cents second quarter earnings per share estimate.

Holt expects continued strength in non-retail channel segments. He notes the stock is under pressure in recent weeks. He thinks investors have been overly cautious in selling the shares going into the company's seasonally strong tax quarters. Hold says the current controversy over the forced activation of TurboTax desktop software is largely overblown.

He says shares are considerably cheaper than other dominant consumer franchises such as Microsoft and Abobe.


The Aging of Abercrombie & Fitch
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus