"Truist kept its Buy rating on Accenture but lowered the price target to $260 from $317, reflecting what the firm describes as stagnant enterprise AI adoption and a growing risk that fiscal year 2027 consensus estimates are too high. The concern centers on slower ecosystem spending and the possibility that AI tools are beginning to cannibalize traditional consulting billable hours rather than supplement them."
"Bank of America raised its Thomson Reuters target to $115 from $100 while keeping a Neutral rating, citing greater confidence in durable high-single-digit revenue growth, margin expansion, capital returns, and the potential for accretive acquisitions. The timing coincides with an upcoming management fireside chat, suggesting BofA sees the event as a potential catalyst for broader investor recognition."
"Bank of America upgraded TELUS to Buy from Neutral with a new $16 target, pointing to an aggressive deleveraging path and roughly $7 billion in monetization opportunities following a CEO transition."
Three major companies received updated analyst ratings this week. Truist reduced Accenture's price target to $260 from $317 while maintaining a Buy rating, expressing concerns about sluggish enterprise AI adoption and the risk that AI tools may cannibalize traditional consulting billable hours rather than supplement them. Bank of America raised Thomson Reuters' price target to $115 from $100, citing confidence in sustained high-single-digit revenue growth and margin expansion potential. Additionally, Bank of America upgraded TELUS to Buy from Neutral with a $16 price target, highlighting an aggressive deleveraging strategy and approximately $7 billion in monetization opportunities following a recent CEO transition.
Read at 24/7 Wall St.
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