Intuit price target raised to $651 from $565 at Citi

Citi analyst Steven Enders raised the firm’s price target on Intuit to $651 from $565 and keeps a Buy rating on the shares. The company reported “solid” fiscal Q1 results and “conservatively maintained” the fiscal year outlook, the analyst tells investors in a research note. The firm sees a strong set-up through the remainder of the year as Intuit’s monetizable artificial intelligence products roll-out across the portfolio.