Intuit Falls 9.2% After Analyst Downgrade
Intuit
(INTU) - Get Intuit Inc. Report
was down 9.2% in preopen
Island
Scroll to Continue
TheStreet Recommends
trading. The maker of
Quicken
personal finance software said after Tuesday's close that its first-quarter loss was 10 cents per share, better than the Street's 16-cent estimate. But
ABN AMRO
today cut the stock to add from buy and trimmed its 12-month target to $55 from $60. The brokerage said it was concerned about a shift in tax revenue from the second quarter to the third and somewhat disappointed in certain business aspects.
