Morgan Stanley Sees Q2 As Better-Than-Expected For Intuit - Intuit (NASDAQ:INTU)

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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

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Intuit Inc.

(NASDAQ: INTU).In the report, Morgan Stanley noted, "INTU put up a solid Q2 as QBO sub adds accelerated and Tax got off to a good start despite early negative headlines. That said, FY15 guidance remains unchanged while tax comps get tougher in Q3 and valuation looks full with shares already at 18x FY17 target EPS of $5."Intuit closed on Thursday at $91.11.