TD Cowen analyst Bryan Bergin lowered the firm’s price target on Accenture to $300 from $312 and keeps a Market Perform rating on the shares. The firm said light 4Q bookings and mixed demand signals are weighing on near-term growth, setting up a steeper FY24 trajectory. Cowen expects positive demand indicators to remain elusive through the year as budgets remain in limbo, offsetting potential near-term upside drivers.
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