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Intuit initiated with a Buy at TD Cowen

TD Cowen analyst Jared Levine initiated coverage of Intuit (INTU) with a Buy rating and $802 price target The firm sees upside potential to estimates and believes the company’s perceived artificial intelligence risks are overdone. The stock will outperform as Intuit posts upside to consensus expectations, the analyst tells investors in a research note. TD believes the company’s “double-digit total return model” is underappreciated at current share levels.

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