Intuit price target raised to $525 from $475 at Wells Fargo

Wells Fargo raised the firm’s price target on Intuit to $525 from $475 and keeps an Overweight rating on the shares. The firm also added the name to its Q2 Tactical Ideas List. Intuit will report EPS in late May and remains polarizing in Wells’ investor discussions. The firm thinks the relative resilience of Intuit’s core segments is underappreciated and notes this is one of a few companies in software with a first half catalyst.