Time to Sell Intuit Stock? 1 Analyst Thinks So

Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...

Earlier this year, I made the argument that tax-prep powerhouse H&R Block (NYSE: HRB) was one of the best dividend stocks on the market. Investors in rival tax prep software firm Intuit (NASDAQ: INTU) probably weren't happy to hear that -- but they'll be even less pleased with today's news: Investment banker Raymond James just downgraded Intuit to sell.

Here are three things you need to know about that.

Source: Fool.com