Mizuho analyst Dan Dolev lowered the firm’s price target on Accenture to $350 from $398 and keeps a Buy rating on the shares. Ahead of the company reporting fiscal Q3 results on Thursday morning, the firm is updating its proprietary opex growth analysis for the S&P 500 constituents and its IT Jobs tracker, noting that both analyses “point to lingering headwinds and a potential slight delay in the recovery of IT Services spend.” In light of that, the firm is lowering its revenue estimates to account for expectations of slower growth and delayed recovery.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ACN:
- ACN Upcoming Earnings Report: What to Expect?
- Options Volatility and Implied Earnings Moves This Week, June 17 – June 21, 2024
- Accenture price target lowered to $350 from $390 at Barclays
- Accenture price target lowered to $320 from $379 at Piper Sandler
- Accenture price target lowered to $350 from $400 at Wedbush
Questions or Comments about the article? Write to editor@tipranks.com