UPDATE: Morgan Stanley Upgrades Intuit (INTU) to Overweight
Get Alerts INTU Hot Sheet
Rating Summary:
31 Buy, 5 Hold, 1 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
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(updating comment)
Morgan Stanley analyst Keith Weiss upgraded Intuit (NASDAQ: INTU) from Equalweight to Overweight with a price target of $400.00.
The analyst comments "A new strategy focused on higher value solutions provides the next leg of durable growth and, more importantly, acts as the catalyst to accelerate margin expansion, a previously lagging part of the story. Faster EPS growth and improving secular story set up a positive risk/reward."
For an analyst ratings summary and ratings history on Intuit click here. For more ratings news on Intuit click here.
Shares of Intuit closed at $321.89 yesterday.
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