Investing.com -- Truist Securities downgraded Intuit to Hold from Buy on Monday and lowered its price target to $350 from $410, flagging a softening growth outlook and a lack of near-term catalysts for the stock. Growth headwinds that emerged in the fiscal third quarter appear likely to persist, Ramnani warned. Truist trimmed its fiscal fourth-quarter 2026 revenue estimate to $4.25 billion from $4.27 billion and lowered its fiscal 2027 revenue forecast to $23.74 billion from $23.85 billion, both slightly below consensus. Despite the downgrade, Ramnani said he continues to view Intuit as "a mission-critical platform for businesses, with trust advantages over earlier-stage competitors." Related articlesIntuit cut to Hold at Truist on softening growth outlook; shares dipDeutsche Bank lifts Palantir to Buy after "exceptional" Q2SocGen sees S&P 500 hitting 8,000 as earnings strength broadens