UPDATE: Morgan Stanley Upgrades Intuit (INTU) to Overweight

(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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