Rafael Grillo

Intuit Screws Up, And H&R Block Will Profit

Barrons, Aoril 27th. "Intuit (INTU) shares are coming under pressure this morning after Jefferies analyst Ross MacMillan cut his rating on the stock to Hold from Buy, trimming his price target on the stock to $27, from $28.

MacMillan writes in a research note that the downgrade reflects new data that suggests the company will see a second consecutive year of declining ASPs in its consumer tax business - as well as unit share losses to its biggest competitor, H&R Block."