Argus lowered the agency’s value goal on Accenture (ACN) to $370 from $410 however retains a Purchase ranking on the shares. The corporate reported a Q3 earnings beat although the inventory fell, possible on an annual decline in bookings, the analyst tells buyers in a analysis observe. Accenture additionally raised its annual income outlook to mirror gathering AI momentum, whereas its AI new bookings totaled $1.5B within the quarter, Argus famous, including that the corporate has the monetary sources, buyer presence, and market power to thrive as firms speed up the method of digital transformation and progress via their AI journeys.
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