Intuit Inc is trading 2.7% down at $261.86 after Stifel downgraded the stock and cut its price target due to concerns over its evolving pricing strategy.
- Stifel lowered its rating from Buy to Hold and slashed its price target to $275.
- Analysts cited risks associated with the company's shift to value-based pricing and emerging market share pressure at the low end.
- The downgrade follows years of aggressive price increases, adding to the ongoing downward momentum for the shares.