H&R Block’s Target Cut at Goldman Sachs (HRB)

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Tax preparation specialist H&R Block, Inc. ( HRB ) on Thursday saw its price target lowered by analysts at Goldman Sachs.

The firm said it now expects HRB shares to reach just $12, which represents a small upside to the stock's Wednesday closing price of $11.77.

The analyst cited the company's recent break with refund anticipation loans provider HSBC for the move. Still, Goldman maintained its "Neutral" rating on HRB.

H&R Block shares were mostly flat in premarket trading Thursday.

The Bottom Line
Shares of H&R Block ( HRV ) have a 5.10% dividend yield, based on last night's closing stock price of $11.77. The stock has technical support in the $10 price area. If the shares can firm up, we see overhead resistance around the $14 price level.

H&R Block, Inc. ( HRB ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.1 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Stocks

Referenced Stocks: HRB

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