Intuit price target lowered to $720 from $819 at Susquehanna

Susquehanna lowered the firm’s price target on Intuit (INTU) to $720 from $819 and keeps a Positive rating on the shares. The firm previewed its quarterly results and noted the company normally never provides yearly guidance until the third quarter because so much of its revenue lands during tax season and the expect the same for this report. Susquehanna said despite maintaining estimates, we trim their price target to $720 (27x) based on peer group compression.