Intuit share are trading lower after Morgan Stanley downgraded the stock from Overweight to Equal-Weight and lowered its price target from $750 to $685.
Portfolio Pulse from Benzinga Newsdesk
Intuit shares are trading lower after Morgan Stanley downgraded the stock from Overweight to Equal-Weight and lowered its price target from $750 to $685.
August 14, 2024 | 1:36 pm
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NEGATIVE IMPACT
Morgan Stanley downgraded Intuit from Overweight to Equal-Weight and reduced its price target from $750 to $685, causing the stock to trade lower.
The downgrade from a major financial institution like Morgan Stanley and the reduction in the price target are likely to negatively impact investor sentiment and lead to a short-term decline in Intuit's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100