1220 ET - When it comes to Intuit, investors will likely remain on the sidelines until they see the company's strategy reset start to pay off, Deutsche Bank analysts say in a note. Intuit cut its guidance and rejiggered its focus to center on customer growth, taking steps to acquire customers earlier in their journeys but at lower initial revenue per customer, the analysts say. "While we believe the reset is prudent, and likely necessary, we do not expect investors to award meaningful credit until there is tangible evidence of success and growth stabilizes," the analysts say. Still, the analysts see a positive risk-reward setup for the stock, given investors appear to be embedding little confidence in the company's execution. The stock initially fell about 14% after hours on Tuesday, and was recently down about 5% Wednesday.