Intuit price target raised to $600 from $550 at Stifel

Stifel raised the firm’s price target on Intuit to $600 from $550 and keeps a Buy rating on the shares following Q1 results that “broadly-beat-expectations.” The firm believes Intuit’s consistent results, in the face of continued macro headwinds, “display the inherent advantage of the indispensable offerings the company provides for SMBs and Consumers,” separating it from other companies with exposure to similar end-markets and it expects Intuit to maintain double-digit top-line-growth.