UPDATE: Wedbush Raises PT on Intuit from $62 to $63

Wedbush has published a research report on Intuit INTU raising the price target. In the report, Wedbush wrote, "We see Intuit as a long-cloud, longmobile technology leader with a distinguished execution track record and practically no international exposure, that generates >60% of profits from an impenetrable cycle-neutral tax business." Wedbush rated Intuit an Outperform with a price target raised from $62.00 to $63.00. Intuit closed Thursday at $40.30.