UPDATE: Morgan Stanley Reiterates On Intuit Looking Ahead To FY15

In a report published Wednesday, Morgan Stanley analyst Jennifer Swanson Lowe reiterated an Underweight rating on

, and raised the price target from $66.00 to $72.00. In the report, Morgan Stanley noted, “We expect an in-line Q4 as focus shifts to guidance. For FY15, we believe management will provide a conservative initial view given model transitions in QB and rebuilding in Consumer Tax. QBO adoption should be a driver, but one we also see as priced in with the stock at 22x CY15eEPS.” Intuit closed on Tuesday at $85.39.