Intuit price target lowered to $658 from $802 at TD Cowen

TD Cowen analyst Jared Levine lowered the firm’s price target on Intuit (INTU) to $658 from $802 and keeps a Buy rating on the shares. The firm said their Our moderately positive view on the setup is driven by our expectation of a clean beat against a low bar following recent underperformance in shares. A more outright positive view is precluded by our expectation that investors will largely remain on the sidelines across the software space until there is greater comfort on AI impacts and terminal values.