BMO Capital analyst Keith Bachman lowered the firm’s price target on Accenture (ACN) to $270 from $325 and keeps a Market Perform rating on the shares following Q4 results. Against low investor expectations, BMO Capital thought Accenture reported solid bookings growth and FY26 revenue guide was in line with its expectations, the firm told investors in a research note. BMO Capital added that it believes 2026 IT services spend will likely remain tepid and potential headwinds of AI will grow as capabilities improve, which the firm thinks will largely keep IT services stocks range-bound.
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