Truist lowered the firm’s price target on Accenture (ACN) to $260 from $317 and keeps a Buy rating on the shares ahead of its Q2 results. The firm notes that based on its enterprise AI adoption checks, the demand environment remains stagnant, with frontier AI models continuing to significantly improve, the analyst tells investors in a research note. Truist adds that consensus FY27 is at risk due to potentially slower spend from ecosystem partners and AI-driven cannibalization.
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