BMO Capital raised the firm’s price target on Intuit to $700 from $640 and keeps an Outperform rating on the shares. The firm’s annual survey of U.S. taxpayers indicates favorable shifts in paid users and steady improvement in Full Service adoption this tax season, the analyst tells investors in a research note. BMO adds that there is opportunity within Credit Karma to accelerate TurboTax adoption and defend against competitive solutions for simple filers.
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