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Wedbush Morgan Analyst Recommends Intuit

Posted on Thursday, July 10th, 2008 | In Current Market News, Stocks to Watch
Contributed by: CEO Blogger (http://ceoblogger.wordpress.com) -

WE BELIEVE INTUIT’S

Gil Luria, analyst with Wedbush Morgan, recommended Intuit yesterday based on the following:

a. Cycle-neutral and uncorrelated business units, combined with low expectations, make it a particularly timely investment

b. its TurboTax products is a strong offline brand and has less emphasis on pricing is well positioned to at least maintain its 50% share.

c. The products small businesses buy from Intuit are not only necessary for the operations of the business, but also very small ticket items with a variable nature and high switching costs.

d.  Small Businesses are more resilient to a downturn

e. Management is consistently communicating double-digit long-term organic growth expectations

f.  Buy rating and a $35 price target.

Track Wedbush Morgan’s analysts stock picks at:

http://www.trackthepros.com/categories.php?category_id=338

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About CEO Blogger (http://ceoblogger.wordpress.com)
CEOBlogger helps investors evaluate companies.

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