Piper Sandler's decision to maintain its Overweight rating for Intuit indicates a positive outlook for the company. However, the lowering of the price target from $510 to $497 suggests a slightly less optimistic view. The current 7.53% drop in Intuit's share price may be a short-term reaction to the news, but the maintained Overweight rating implies that the stock is still expected to perform well in the long run. Therefore, the short-term impact on Intuit's stock price is neutral.