Accenture price target lowered to $325 from $340 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on Accenture to $325 from $340 and keeps an Overweight rating on the shares as the firm is "tactically cautious" ahead of next week’s quarterly report given how macroeconomic conditions have worsened since December. Investors are "acutely focused" on the FY23 outlook and macroeconomic uncertainty should be "increasingly apparent this quarter," said the firm, which sees management navigating what it believes is a softer demand environment.