Citi Rates Intuit As Medium Risk

According to Citi, Intuit INTU is rated medium risk. Citi said that the DOJ filed a civil antitrust suit to prevent HRB from acquiring TaxAct. “According to Bloomberg, the Justice Department determined that the combination would limit competition and could result in higher prices for consumers. Were the deal to be blocked, we would view the news to be a slight negative for Buy-rated Intuit.” Intuit closed yesterday at $52.93.