Intuit downgraded to Equal Weight from Overweight at Wells Fargo

Wells Fargo downgraded Intuit (INTU) to Equal Weight from Overweight with a price target of $700, down from $840. The firm believes the company’s “robust” rebound in tax last year will be a “tough act to follow.” Elevated expectations and tougher comparisons present a more challenging setup for Intuit in 2026, the analyst tells investors in a research note.