Berenberg initiated coverage of Accenture (ACN) with a Buy rating and $313 price target The firm says the company’s “premium positioning” in the IT services sector’s AI-led transformation is underpinned by is its scale, first-mover advantages and deep ecosystem partnerships. This enables Accenture to secure large, multi-year enterprise transformation deals, the analyst tells investors in a research note. Berenberg expects the company to sustain its market share momentum.
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