Accenture (ACN) Faces Headwinds, but Analyst Maintains Buy With $315 Target
Accenture plc (NYSE:ACN) is one of the Must-Watch AI Stocks on Wall Street. On September 16, Stifel analyst David Grossman lowered the price target on the stock to 355.00 while maintaining a Buy rating. The firm noted how Accenture has lagged the equal-weight S&P by an estimated 2500 basis points over the last 90 days driven by flattish to low-single-digit industry growth and stronger performance of AI-leveraged software and semiconductor sectors. Several higher-risk areas were highlighted ...