Jefferies lowered the firm’s price target on Accenture (ACN) to $355 from $385 and keeps a Hold rating on the shares. The firm, which notes that its Q4 and 2025 estimates for the Technology and Information Services group are mostly unchanged other than a stronger U.S. dollar negatively impacting revenues, expects positive commentary from most management teams as discretionary spend shows signs of picking up, the analyst tells investors in a group preview note.
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