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BUZZ-Wells Fargo upgrades Accenture on signs of second‑half revenue pick-up

Reuters
02/17
BUZZ-<a href="https://laohu8.com/S/EOD">Wells Fargo</a> upgrades Accenture on signs of second‑half revenue pick-up

** Wells Fargo upgrades IT consulting firm Accenture ACN.N to "overweight" from "equal weight"

** Brokerage cites potential fiscal H2 revenue acceleration and conservative FY26 guide

** "We have increased confidence in F2H CC revs growth acceleration given 2 consecutive qts of improved bookings growth," brokerage says

** Adds, shares have been excessively punished recently due to latest round of AI fears, spilling over from anti-software sentiment

** Twenty of 30 analysts rate stock "strong buy" or "buy", 9 "hold" and 1 "sell"; their median PT is $300 - data compiled by LSEG

** As of last close, ACN down 42.4% in the last 12 months

(Reporting by Pragyan Kalita in Bengaluru)

((Pragyan.Kalita@thomsonreuters.com;))

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