Goldman Sachs downgrades Intuit stock to Sell, shares fall nearly 7%
By
Mary Christine Joy
Lightly toasted, lightly seasoned, mostly correct.
Summary
Goldman Sachs downgraded Intuit (INTU) stock from Neutral to Sell, warning that fundamentals may worsen before improving. The stock dropped 6.86% in pre-market trading to $329.48 following the analyst downgrade.
Key quotes
· 2 pulledGoldman Sachs cut its recommendation on the stock to Sell from Neutral, citing fundamentals may get worse before they get better.
Shares were 6.86% lower at $329.48 during pre-market trading on Tuesday.
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