Bank of America Securities said that despite a good fiscal 3Q, Intuit, maker of tax-preparation software, issued a disappointing FY24 outlook. BofA therefore lowers its price objective to $730 a share from $760. BofA said Intuit’s FY24 consumer tax outlook for 7% to 8% remains unchanged post tax quarter is disappointing, and its consumer tax margin is trending lower than last year at 68% year-to-date, vs 71% a year ago. But Morgan Stanley Research analyst Keith Weiss raises his price target to $750 from $740 a share, saying thatthe Intuit platform continues to drive durable high-teens earnings growth even while investing for future opportunities, a durability that should be reflected in a premium multiple. Shares fall 7.4% to $613.05.