Accenture shares are trading lower after Morgan Stanley downgraded the stock from Overweight to Equal-Weight and lowered the price target from $382 to $300.
Portfolio Pulse from Benzinga Newsdesk
Accenture shares are trading lower after Morgan Stanley downgraded the stock from Overweight to Equal-Weight and lowered the price target from $382 to $300.
June 26, 2024 | 11:42 am
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NEGATIVE IMPACT
Accenture shares are trading lower following a downgrade by Morgan Stanley from Overweight to Equal-Weight, with a reduced price target from $382 to $300.
The downgrade by a major financial institution like Morgan Stanley and the significant reduction in the price target are likely to negatively impact investor sentiment and lead to a short-term decline in Accenture's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100