Morgan Stanley Downgrades H&R Block to "Underweight" (HRB)

Morgan Stanley Downgrades H&R Block to “Underweight” (HRB)


On Monday analysts at Morgan Stanley downgraded H&R Block, Inc. (HRB) as a recent stock price run up and IRS issues creates an unattractive outlook for the tax prep specialist.

The analysts downgraded HRB from “Equal-Weight” to “Underweight.” The firm sees shares reaching $17, a -15% downside to Friday’s closing price of $19.98.

H&R Block shares were down 41 cents, or -2.05%, during premarket trading on Monday. The stock is up +21.83% over the past year.

The Bottom Line
Shares of H&R Block (HRB) have a 4.00% dividend yield, based on Friday’s closing stock price of 19.98. The stock has technical support in the $17-$18 price area. If the shares can firm up, we see overhead resistance around the $21-$22 price levels.

H&R Block, Inc. (HRB) is not recommended at this time, holding a 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.

Free Updates

Join over 100,000 investors who get the latest news from

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today