Accenture price target lowered to $350 from $375 at BMO Capital

BMO Capital lowered the firm’s price target on Accenture to $350 from $375 and keeps a Market Perform rating on the shares. The company’s Q3 earnings missed estimates, though it also delivered a solid bookings quarter against low expectations, while its Strategy & Consulting revenue growth turned positive thanks to contributions from M&A and generative AI, the analyst tells investors in a research note. BMO adds however that a more constructive stance would require the firm having greater confidence in Accenture’s FY25 organic growth.