Piper Sandler lowered the firm’s price target on Accenture (ACN) to $396 from $429 and keeps an Overweight rating on the shares ahead of quarterly results. Investors were starting to turn optimistic on the demand environment for 2025 when Accenture delivered nice upside to Q1 results and raised full year estimates. However, the firm is incrementally more cautious around Accenture’s ability to deliver upside.
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