Accenture (ACN) Faces Lower Price Target from TD Cowen as Industry Challenges Persist

With a TTM operating cash flow of $13.08 billion, Accenture plc (NYSE: ACN ) is included among the 12 Cash-Rich Stocks to Buy Right Now .

On June 8, TD Cowen lowered its price recommendation on Accenture plc (NYSE:ACN) to $258 from $282. It reiterated a Buy rating on the stock. The firm said both Accenture and the broader services sector continue to face pressure from AI-related changes and macroeconomic challenges. It also noted that the company’s fiscal third-quarter results are unlikely to meaningfully improve the current cautious sentiment surrounding the shares.

Also on June 8, JPMorgan reduced its price goal on Accenture to $201 from $247. It maintained an Overweight rating as part of its fiscal third-quarter earnings preview. The firm lowered its estimates to align more closely with the midpoint of the company’s guidance range.

Accenture plc (NYSE:ACN) is a global professional services company that provides services and solutions across strategy and consulting, technology, operations, Industry X, and Song.

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