Citi Maintains Buy on Intuit (INTU)

Citi is out with its report today on Intuit INTU, maintaining Buy. In a note to clients, Citi writes, "We continue to recommend owning Intuit shares for the improving small business story. Shares have shown the most volatility in the 1H during tax season, making for attractive entry points for investors looking to own for the SMB story. With tax season essentially complete, we expect investors will place greater focus on the outlook of SMB segment. We see improving employment and growth in connected services as drivers of the business." Citi maintains a $61 PT on INTU. Shares of INTU closed Thursday at $55.89, up 2.66% from Wednesday's close.