Right now, H&R Block (HRB) is watching its stock plummet after Oppenheimer downgraded it to “Perform” from “Outperform.” Shares are currently at $20.18 a share, down 4.5% or $0.94.
The firm downgraded the company based partly on “uninspiring” channel checks and disappointing commentary from Inuit (INTU). The firm removed its target on H&R Block, according to The Fly On The Wall.
Join the conversation about this story »
See Also:
- Fannie And Freddie Are The Real Budget Busters, And They’re Spending Money To Preserve An Accounting Fiction
- Audit Integrity: ‘Socially Responsible’ Companies Have Worse Accounting Practices Than Normal Ones
- AIG Uses Accounting Gimmick To Reduce Money It Owes Taxpayers By $25 Billion