Jefferies lowered the firm’s price target on Intuit (INTU) to $650 from $850 and keeps a Buy rating on the shares. The firm expects the company to report solid fiscal Q2 results in a “seasonally light” quarter. The quarter counts only six days of tax e-filing, the analyst tells investors in a research note. Jefferies believes Credit Karma could again provide upside based on positive card issuer momentum.
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