Accenture initiated with an Outperform at Evercore ISI

Evercore ISI initiated coverage of Accenture (ACN) with an Outperform rating and $330 price target Although concerns around broader macro uncertainty and federal consulting weakness have weighed on the stock, the firm views the company as well-positioned to help enterprises navigate the complexities of the current AI-led technology transition and thinks the year-to-date underperformance creates a buying opportunity, the analyst tells investors.