Wedbush Maintains Outperform on Accenture, Lowers Price Target to $350
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Moshe Katri maintains an Outperform rating on Accenture (NYSE:ACN) but lowers the price target from $400 to $350.
June 12, 2024 | 1:28 pm
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NEUTRAL IMPACT
Wedbush analyst Moshe Katri maintains an Outperform rating on Accenture but lowers the price target from $400 to $350. This suggests confidence in the company's long-term performance despite a more conservative short-term outlook.
The Outperform rating indicates continued confidence in Accenture's long-term prospects. However, the lowered price target reflects a more cautious short-term outlook, possibly due to market conditions or company-specific factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100