Mizuho analyst Dan Dolev lowered the firm’s price target on Accenture to $350 from $398 and keeps a Buy rating on the shares. Ahead of the company reporting fiscal Q3 results on Thursday morning, the firm is updating its proprietary opex growth analysis for the S&P 500 constituents and its IT Jobs tracker, noting that both analyses “point to lingering headwinds and a potential slight delay in the recovery of IT Services spend.” In light of that, the firm is lowering its revenue estimates to account for expectations of slower growth and delayed recovery.
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