BMO Capital analyst Daniel Jester raised the firm’s price target on Intuit to $462 from $448 and keeps an Outperform rating on the shares. The company’s Q2 results were "solid" despite a "tough backdrop" as it benefited from an early tax season thus far, the analyst tells investors in a research note. The firm added that while growth concerns for Credit Karma and Mailchimp are unlikely to be fully mollified in the near-term, the strength of the core platform and the stock’s reasonably attractive valuation sustains its favorable view on Intuit.
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Published first on TheFly
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