Accenture price target lowered to $279 from $290 at Jefferies

Jefferies analyst Surinder Thind lowered the firm’s price target on Accenture to $279 from $290 and keeps a Hold rating on the shares, telling investors that he is "slightly more cautious" following the company’s fiscal Q1 earnings report. The reiteration of FY23 constant currency revenue growth is "an important positive," as it suggests there has not been a meaningful shift in overall client demand since last quarter, said Thind, who adds that the guidance "should be viewed with some caution" with clients yet to finalize 2023 budgets.