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Intuit (INTU) Stock Price Target Raised at Deutsche Bank

NEW YORK (TheStreet) -- Intuit's (INTU) stock price target was increased to $130 from $125 at Deutsche Bank this morning following the Mountain View, CA-based maker of TurboTax software's better-than-expected fourth quarter earnings.

The firm said Intuit's fourth quarter results were solid and that its lower 2017 first quarter earnings and revenue guidance "appears conservative" but is prudent at this point in the quarter.

After yesterday's market close, Intuit issued a downbeat outlook for the 2017 first quarter. It now expects earnings in the range of 1 cent to 3 cents per share and revenue between...