BMO Capital raised the firm’s price target on Accenture to $365 from $327 and keeps a Market Perform rating on the shares. The analyst contends that the company is approaching trough growth rates on consulting bookings due to both weak economy and tough compares. Generative AI should be able to help with consulting demand, though it will also likely be a deflationary force longer term for all market participants, the firm tells investors in a research note.
Published first on TheFly
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