HSBC analyst Stephen Bersey upgraded Intuit (INTU) to Buy from Hold with an unchanged price target of $699. The company typically derives 90% of its revenue from the U.S. and is “effectively detached” from tariffs, the analyst tells investors in a research note. The firm updated Intuit on valuation and it sees the shares as attractive at current levels. The company “enjoys a strong business profile,” contends HSBC.
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