Wells Fargo downgrades Accenture stock rating on growth concerns

Wells Fargo has downgraded Accenture's stock rating to Equal Weight from Overweight, citing growth concerns amid ongoing macroeconomic headwinds. The firm maintains its price target of $194.00, with the stock currently trading at $183.90 and deemed significantly undervalued based on its Fair Value assessment. Accenture's recent stock performance and valuation metrics, including a P/E ratio of 14.6 and an 11% free cash flow yield, are factors that may limit downside for investors.

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