** Consultancy firm Accenture ACN.N said on Thursday the Trump administration's efforts to reduce federal spending have led to delays and cancellations of new contracts
** Nineteen of 26 brokerages rate the stock "buy" or higher, seven "hold"; their median PT is $395.97, according to data compiled by LSEG
DOGE DILEMMA HITS GROWTH OUTLOOK
** Morgan Stanley ("equal-weight", PT: $372) says expected growth slowdown in Q3 leaves room for further decline if economy worsens or DOGE's (Department of Government Efficiency) cost-cutting efforts increase
** Piper Sandler ("overweight", PT: $364) says ACN's ability to drive growth and lead industry is uncertain due to pressure on federal services from DOGE and overall economic uncertainty
** RBC Capital Markets ("outperform", PT: $392) believes demand from clients, influenced by both economic and political factors, has not reached its lowest point yet and will continue to negatively impact co's growth outlook
** Morningstar (fair value: $318) expects current administration's review of federal contracts to cut funding for non-"mission critical" projects causing slowdown in federal services business, which accounts for 8% of ACN's global revenue
(Reporting by Akriti Shah in Bengaluru)
((akriti.shah@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.