Citigroup Maintains Buy on Accenture, Lowers Price Target to $400
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Ashwin Shirvaikar maintains a Buy rating on Accenture (ACN) but lowers the price target from $430 to $400.

March 22, 2024 | 6:10 pm
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NEUTRAL IMPACT
Citigroup maintains a Buy rating on Accenture but lowers the price target from $430 to $400.
While the reduction in price target from $430 to $400 by Citigroup could suggest a tempered outlook on Accenture's stock value, the maintenance of a Buy rating indicates continued confidence in the company's fundamentals and growth prospects. This mixed signal might lead to a neutral short-term impact on Accenture's stock price as investors weigh the lowered price target against the sustained positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100