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Intuit price target lowered to $462 from $498 at Citi

Citi analyst Steven Enders lowered the firm’s price target on Intuit to $462 from $498 and keeps a Buy rating on the shares. The analyst reduced estimates and the stock’s multiple following the "solid" fiscal Q1 results. He continues to view Intuit as a top defensive idea with a "now de-risked" outlook.

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