Intuit price target raised to $570 from $500 at Credit Suisse

Credit Suisse raised the firm’s price target on Intuit to $570 from $500 and keeps an Outperform rating on the shares. Intuit reported strong Q4 results with initial FY4 guidance for revenue and operating income margin in-line and EPS ahead of expectations, the analyst tells investors in a research note, adding that management’s comments suggest healthy conservatism in the outlook and solid underlying business trends.