Accenture plcACN
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Truist cut price target to $150 from $210 and cited revenue headwinds and lowered FY26 guidance.
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Artificial Intelligence
Accenture plcFinancials
Truist Financial CorpTFC
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TD Cowen raised its price target on Accenture to $151 from $150 on June 26, maintaining a Hold rating, while Truist cut its target to $150 from $210 on June 22, also keeping a Hold rating. Truist cited a $100 million revenue headwind from the Middle East expected to persist into fiscal Q4 and beyond, along with geopolitical uncertainty, pressured budgets, and AI-driven revenue cannibalization. The firm noted that fiscal Q3 results showed these headwinds emerging as FY26 revenue guidance was lowered.
Accenture plcTruist cut price target to $150 from $210 and cited revenue headwinds and lowered FY26 guidance.
Truist Financial Corp