Intuit price target raised to $425 from $400 at KeyBanc

KeyBanc analyst Josh Beck raised the firm’s price target on Intuit to $425 from $400 and keeps an Overweight rating on the shares. The analyst believes the runway in QuickBooks remains substantial with a multitude of growth drivers including greater adoption of FinTech services, mid-market/international expansion, and Mailchimp GTM efficiency gains, buffeting potential macro headwinds to a degree.