Piper Sandler lowered the firm’s price target on Accenture to $320 from $379 and keeps a Neutral rating on the shares. Accenture is likely to print an in-line Q3, and potentially narrow its FY24 guidance range, the firm says. From its recent checks, Piper continues to see a challenged demand environment, and expects Accenture to reinforce this view. In addition, the firm believes Accenture will reiterate the continued demand for GenAI solutions.
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