TD Securities analyst Bryan Bergin upgraded Accenture to Buy from Hold with a price target of $400, up from $321. The company reinforced the demand stabilization theme and its initial fiscal 2025 guide is “appropriately positioned for positive revisions,” the analyst tells investors in a research note. The firm says Accenture’s Managed Services bookings momentum exiting fiscal 2024 supports visibility and reflects its leading scale, with generative artificial intelligence traction. TD views the company as a vehicle for exposure to an IT services recovery.
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