Intuit price target raised to $720 from $600 at Stifel

Stifel analyst Brad Reback raised the firm’s price target on Intuit to $720 from $600 and keeps a Buy rating on the shares after the company reported “solid” Q2 results. Resilient small business segment results offset a slow start to tax season due the delayed IRS opening, says the analyst, who expects margin outperformance to continue with Q3 guidance set at what the firm calls “a very conservative level.”