Morgan Stanley raised the firm’s price target on Intuit (INTU) to $785 from $720 and keeps an Overweight rating on the shares. Accelerating Live growth powered Tax outperformance and “likely quells investor concerns on the Tax outlook,” the analyst says in a post-earnings note. EPS growth of 18%-19% year-over-year “should well justify further expansion in the multiple towards historical levels,” the analyst added.
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