Intuit Downgraded as Analysts Lift FedEx Target

Analysts took aim at INTU on Wednesday. The consensus rating on the $77 billion tax software giant dropped to a downgrade. The average target price slipped to $488, down from $491. Intuit has faced pressure amid concerns over AI-driven disruption to its TurboTax franchise.

FDX got a warmer reception. Analysts lifted the average target price to $328, up sharply from $318. The $80 billion logistics giant now holds 18 buy ratings. That improvement follows a recent earnings beat and renewed optimism around cost-cutting efforts.

JBL also won fans. The contract electronics manufacturer saw its consensus target rise to $387 from $374. Analysts appear confident in Jabil's diversified supply chain exposure. The stock carries just 2.8% short interest, suggesting limited bearish conviction.

In other moves, PLD received a new recommendation. The warehouse REIT giant got a fresh initiation with the consensus target sitting at $152. Industrial real estate demand remains a hot topic for analysts as e-commerce logistics expands.

ANET also saw a target bump to $190. The networking hardware maker holds 28 buy ratings with just one hold among analysts covering it.