Piper Sandler Maintains Neutral Rating for Accenture: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Piper Sandler has maintained its Neutral rating for Accenture (NYSE:ACN) but lowered its price target from $312.00 to $300.00. Accenture's shares are currently trading at $302.00, up 0.41% over the last 24 hours. A move to $300.00 would represent a 0.66% decline from the current share price.
September 29, 2023 | 5:00 pm
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Piper Sandler has maintained its Neutral rating for Accenture but lowered its price target. This could potentially lead to a slight decrease in Accenture's stock price.
Piper Sandler's decision to lower its price target for Accenture could lead to a decrease in the stock's price as it signals a potential undervaluation. However, the maintenance of the Neutral rating indicates that the firm does not expect significant changes in the stock's performance.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100