Baird lowered the firm’s price target on Accenture to $345 from $372 and keeps a Neutral rating on the shares. The firm said they like Accenture a lot as a company, and would likely upgrade with a pullback toward $285 or a material improvement in IT demand, yet they remain on the sideline as the market is still choppy, and Street estimates remain too high.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ACN: