Accenture price target lowered to $300 from $312 at Piper Sandler

Piper Sandler lowered the firm’s price target on Accenture to $300 from $312 and keeps a Neutral rating on the shares. Accenture’s FY24 outlook was disappointing, with the mid-point of guidance falling short of tempered Street expectations amid continued pressured macro impacting Consulting and its Communication, Media, Tech business, the analyst tells investors in a research note. The firm’s checks indicate low/moderate likelihood for a Q4 budget flush, the analyst says.