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Penobscot Investment Management Company Inc. Grows Position in Intuit Inc. $INTU

Penobscot Investment Management Company Inc. substantially increased its stake in Intuit Inc. by 85% in the first quarter, acquiring an additional 6,819 shares to hold a total of 14,841 shares valued at approximately $6.4 million. This move comes as Intuit reported strong earnings, exceeding expectations with EPS and revenue growth. Despite some recent analyst target cuts, Intuit maintains a "Moderate Buy" consensus rating with an average target price of $498.40.