Accenture price target lowered to $380 from $390 at Stifel

Stifel lowered the firm’s price target on Accenture (ACN) to $380 from $390 and keeps a Buy rating on the shares. Recent data points and decelerating M&A activity suggest the demand environment has become more volatile over the past three months, increasing risk to numbers following disappointing peer group reports late last week, says the analyst, whose “current thinking” is for Accenture to report an in-line fiscal Q2 and FY25 guidance.