Goldman Sachs analyst James Schneider upgraded Accenture (ACN) to Buy from Neutral with a price target of $420, up from $370. Accenture is the world’s largest provider of IT services and cyclical headwinds are “starting to abate” across the sector, particularly in financial services and healthcare, the analyst tells investors in a research note. The firm believes Accenture is among the best positioned to capture a recovery in discretionary spending as it occurs. It believes Accenture’s fiscal 2025 guidance already incorporates a further macro slowdown and sees upside to Street numbers as the macro outlook improves.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
