Accenture price target lowered to $372 from $380 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on Accenture (ACN) to $372 from $380 and keeps an Equal Weight rating on the shares ahead of the company’s fiscal Q2 report scheduled for Thursday, March 20, before market open. The firm expects management to raise the bottom-end of the FY25 growth outlook by 100 basis point to 5-7% year-over-year in constant currency while maintaining margin expansion targets, but notes that investor sentiment skews negative and thinks its trimmed estimates are “generally consistent with buyside expectations.”