Truist lowered the firm’s price target on Intuit (INTU) to $410 from $500 and keeps a Buy rating on the shares. The company reported a solid Q3 with revenue up 10.4% and operating income exceeding consensus estimates, the analyst tells investors in a research note. While Intuit largely raised overall annual targets, it lowered its growth target for TurboTax from 8% to 7% however as TurboTax faced pressure from price-sensitive customers at the low end, the firm added.
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