Intuit price target lowered to $475 from $500 at BofA

BofA analyst Brad Sills lowered the firm’s price target on Intuit to $475 from $500 and keeps a Buy rating on the shares. Intuit reported "healthy" Q1 results, but lowered its FY23 revenue outlook, though this was limited entirely to Credit Karma weakness, Sills tells investors. Intuit also reiterated its FY23 pro forma EPS expectation of $13.74 at the midpoint as preannounced four weeks ago, Sill noted.