Intuit price target raised to $740 from $680 at Morgan Stanley

Morgan Stanley analyst Keith Weiss raised the firm’s price target on Intuit to $740 from $680 and keeps an Overweight rating on the shares. A choppy small business spending backdrop raises concerns on the durability of growth, but the firm sees a strong tax season and QuickBooks Online’s expansion upmarket providing support to growth, while adding that operating margins have “room for outperformance.”