Accenture price target lowered to $300 from $330 at Evercore ISI

Evercore ISI analyst Amit Daryanani lowered the firm’s price target on Accenture (ACN) to $300 from $330 and keeps an Outperform rating on the shares. Accenture’s upcoming quarterly report “looks promising,” argues the analyst, who expects Accenture to deliver “a steady performance with some upside potential.” For the upcoming quarter, consensus estimates of $17.4B in revenue “seem appropriate,” while full-year revenue guidance is expected to bracket consensus of $73.2B, suggesting about 5% growth and about 2% organic growth, the analyst tells investors in a preview.