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In a report published Friday, Morgan Stanley analyst Jennifer Swanson Lowe reiterated an Underweight rating and $72.00 price target on
IntuitINTU.
In the report, Morgan Stanley noted, “Q4 was generally solid with QBO subs +40% YoY, but model transitions drove FY15 guide below cons. Looking past near-term shifts, FY17 guide for $5 EPS was in line with our model, implying 13% EPS CAGR, but we also see this as more than priced in with the stock trading at 17x guided FY17 EPS.”
Intuit closed on Thursday at $85.81.
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