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Intuit (INTU) Stock Gained Ahead of Q3 Results

NEW YORK (TheStreet) -- Intuit (INTU) stock closed higher by 1.54% to $104.62 on heavy trading volume on Monday, before the company reports its fiscal 2016 third quarter financial results on Tuesday after the market close.

Shares of the maker of QuickBooks and TurboTax increased today after Goldman Sachs initiated coverage with a "buy" rating, Barron's reports.

"We see the most opportunity at the lowest end of the market, where we believe market expansion is occurring for INTU," Goldman Sachs analysts added, according to Barron's.

Overall, Mountain View, CA-based Intuit is expected to deliver a year-over-year increase in...