Morgan Stanley Comments on Intuit During Tough Times

Morgan Stanley has published a research report on Intuit INTU In the report, Morgan Stanley wrote, "INTU beat Q4 ests. and guided FY12 above cons. as Small Business momentum and solid execution in Consumer Tax continues to drive top line growth, while cost discipline and $250M of share repurchases in the Q helped EPS." Morgan Stanley rated Intuit an Equal-weight with no price target given. Intuit closed Thursday at $40.30.