Stifel Lowers Intuit Rating to Hold, Cuts Target as Growth Outlook Cools
Stifel downgraded Intuit from Buy to Hold and trimmed its price target to $275 from $375, forecasting lower long-term growth targets for TurboTax and the Global Business Solutions segment as the company shifts toward value-based pricing and monetization via ancillary services. The firm reduced its fiscal 2027 revenue and EPS estimates and introduce…