HSBC Initiates Coverage On Intuit with Hold Rating, Announces Price Target of $520
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Stephen Bersey has initiated coverage on Intuit (NASDAQ:INTU) with a Hold rating and a price target of $520.
September 29, 2023 | 10:59 am
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HSBC has initiated coverage on Intuit with a Hold rating and a price target of $520. This could influence investor sentiment and potentially impact the stock's price.
The initiation of coverage by HSBC, a major financial institution, could draw more attention to Intuit. The Hold rating suggests that HSBC believes the stock is fairly valued at its current price, while the price target of $520 indicates where they believe the stock's price will move. This could influence investor sentiment and potentially impact the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100