TD Cowen Downgrades Accenture to Market Perform, Lowers Price Target to $300
Portfolio Pulse from richadhand@benzinga.com
TD Cowen analyst Bryan Bergin downgrades Accenture (NYSE:ACN) from Outperform to Market Perform and lowers the price target from $325 to $300.
June 23, 2023 | 9:49 am
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Accenture downgraded to Market Perform by TD Cowen, with a lowered price target of $300.
TD Cowen's downgrade of Accenture from Outperform to Market Perform and the lowering of the price target from $325 to $300 may negatively impact the stock price in the short term as investors may perceive this as a sign of reduced growth potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100