As previously reported, Morgan Stanley analyst Keith Weiss upgraded Intuit to Equal Weight from Underweight, stating that new products, tax code changes and a more benign competitive environment position the company to exceed conservative revenue expectations in FY19. The company's new initiatives to transition its legacy installed base to QuickBooks Online Enterprise are ramping well and the company is also at work on several initiatives to improve retention, Weiss tells investors. Though he maintains his concerns on mix shift towards lower margin businesses limiting EBIT growth, he sees the company having the potential to improve unit growth and sustain the strong average selling price growth seen last tax season in its Consumer Tax segment, Weiss added. He raised his price target on Intuit shares to $225 from $172.