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In a report published Wednesday, Morgan Stanley analyst Jennifer Swanson Lowe reiterated an Underweight rating and $66.00 price target on
IntuitINTU.
In the report, Morgan Stanley noted, “INTU posted strong tax results, but Payments revenue was weak while rapid adoption of QB Online hurt QB Desktop sales. Despite the Small Biz miss, we think positives outweighed negatives in the Q, but remain cautious on the stock given near-peak valuation and slowing growth.”
Intuit closed on Tuesday at $76.84.
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