Accenture price target lowered to $325 from $355 at BMO Capital

BMO Capital lowered the firm’s price target on Accenture (ACN) to $325 from $355 and keeps a Market Perform rating on the shares after its Q4 results and guidance. The company’s outlook was better than the firm’s expectations, its bookings were weak, albeit against a very difficult compare, the analyst tells investors in a research note. Accenture is also facing a 2-point revenue growth headwind in Q4 from the federal business due to both cancelations and slower new business trends, the firm added.