BofA lowered the firm’s price target on Intuit (INTU) to $740 from $780 and keeps a Buy rating on the shares. Q2 results suggest that Intuit is moving the QuickBooks and TurboTax franchises up market “nicely,” says the analyst, who is also hopeful that changes implemented this year will result in upside by the end of the tax season. The firm cites multiple compression across the group and lower free cash flow “from an admittedly high level” for its lowered price target
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