Citi lowered the firm’s price target on Intuit (INTU) to $591 from $649 and keeps a Buy rating on the shares following the fiscal Q3 report. The company reported strong TurboTax results, but this was offset by share loss in low-end do-it-yourself tax, the analyst tells investors in a research note. Citi says the stock thesis is intact despite Q3 not being a “clean” quarter.
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