Wells Fargo analyst Jeff Cantwell initiated coverage of Accenture with an Equal Weight rating and $289 price target despite a positive view of its platform and services. The firm sees clients becoming more cautious on tech spending and await stronger demand before getting more constructive. With the demand environment continuing to evolve, Wells’ 2024 revenue forecast is below consensus by 2% as the firm expects clients to show greater focus on cost containment.
Published first on TheFly
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