Accenture price target lowered to $395 from $400 at Guggenheim

Guggenheim lowered the firm’s price target on Accenture (ACN) to $395 from $400 and keeps a Buy rating on the shares. Management’s protection of the high-end of its FY25 revenue growth outlook despite elevated economic and geopolitical uncertainty, is likely to draw skepticism, the analyst tells investors in a research note. Guggenheim remains constructive on Accenture shares over the medium-term as the firm continues to see the company benefiting from delivering on clients’ cost optimization initiatives and aiding in enterprises’ transformational agendas.