Major Bank Ratings | Morgan Stanley: Sharply cuts Accenture's target price to $177, order data may face pressure

Golden Finance June 17｜Morgan Stanley has significantly reduced Accenture’s target price from $240 to $177, lowering its rating from “Overweight” to “Equal-weight.” Morgan Stanley pointed out that the market initially expected AI investment to drive growth in IT services spending, but this effect has not materialized so far, as companies continue to prioritize resources for AI projects rather than traditional discretionary tech spending. Morgan Stanley also warned that Accenture’s upcoming quarterly order data may face pressure, with growth potentially falling short of market expectations.