Accenture price target raised to $312 from $300 at TD Cowen

TD Cowen analyst Bryan Bergin raised the firm’s price target on Accenture to $312 from $300 and keeps a Market Perform rating on the shares ahead of the company’s fiscal Q report on September 28. The firm is “modestly cautious” on the shares into the report given the recent rally, which it says yields a premium valuation, coupled with “potentially elevated” initial consensus revenue expectations for fiscal 2024.