Wedbush Maintains Outperform on Intuit

Wedbush is out with its report today on Intuit INTU, maintaining Outperform. In its report, Wedbush writes, "We believe INTU will outpace the market based on dependable secular trends that will drive double-digit earnings growth. We see Intuit as a long-cloud, long-mobile technology leader with a distinguished execution track record and practically no international exposure, that generates >60% of profits from an impenetrable cycle-neutral tax business." Wedbush maintains a $62 PT on INTU. Shares of INTU closed Wednesday at $39.94.