Intuit dominated today's analyst activity. At least four firms cut their views on the $98 billion software giant. Morgan Stanley's Keith Weiss dropped his rating to Hold with a $315 target. Truist Securities lowered its target to $300. Susquehanna trimmed to $415. The consensus target fell sharply from $444 to $427. That's a swift and broad-based retreat.
The trigger appears to be weakening expectations for TurboTax and QuickBooks growth. Multiple firms moved simultaneously — a rare sign of sector-wide concern.
On the other side, Motorola Solutions caught a lift. Evercore ISI's Amit Daryanani raised his target to $550 from $525, reiterating Buy. The $80 billion public safety tech firm has momentum. Short interest sits at just 1.9% of free float. Bears are scarce.
TJX Companies took a hit. Jefferies' Corey Tarlowe cut the stock from Buy to Hold. His target dropped from $180 to $145 — a 19% slash. That's a big call on a $154 billion retailer. Tariff pressure on imported goods and cautious consumer spending appear to be driving the concern.
L3Harris Technologies was also cut to Hold at Jefferies. Defense sector caution is rising despite solid government spending trends.
Edison International saw a consensus downgrade, keeping utilities under pressure heading into autumn.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
