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JPMorgan Chase has rebranded its diversity, equity, and inclusion (DEI) programs to diversity, opportunity, and inclusion (DOI) in response to political pressure against DEI initiatives. The bank's COO stated that the change reflects a focus on equal opportunity rather than equal outcomes. This shift follows a broader trend among major corporations, including Goldman Sachs and Citigroup, to scale back DEI commitments amid criticism and scrutiny from the Trump administration.
BNP Paribas Exane has revised its price target for Accenture plc to $315 from $335. The company specializes in management consulting, technology services, and outsourcing, with net sales primarily from consulting (51.2%) and outsourcing (48.8%). Geographically, 47.4% of sales come from North America, followed by Europe at 35.1%.
UBS has lowered its price target on Accenture to $387 from $455 while maintaining a Buy rating. Accenture specializes in management consulting, technology services, and outsourcing, with net sales primarily from consulting (51.2%) and outsourcing (48.8%). The company's revenue is diversified across sectors, with significant contributions from automotive (30.1%), health and public services (21.3%), and financial services (17.9%), and is geographically distributed with 47.4% from North America and 35.1% from Europe.
Deutsche Bank has lowered its price target on Accenture to $290 from $365 while maintaining a hold rating. Accenture specializes in management consulting, technology services, and outsourcing, with net sales primarily from consulting (51.2%) and outsourcing (48.8%). Geographically, 47.4% of sales come from North America, followed by Europe at 35.1%.
Citigroup plans to reduce its reliance on external IT contractors from 50% to 20%, focusing on building in-house capabilities. This strategic shift raises concerns for Indian IT firms like TCS, Wipro, and LTIMindtree, which have significant business ties with Citi. Experts suggest that while this may impact larger IT service providers, it could ultimately benefit India's core banking operations and expertise in the long run.
Deutsche Bank has lowered its price target for Accenture plc to $290 from $365 while maintaining a Hold rating, following the company's report of $16.7 billion in revenue for 2025, which reflects a 5.4% year-over-year increase. Despite strong fundamentals, Accenture faces challenges in its Federal Services business due to government spending cuts and macroeconomic uncertainties. Analysts from TD Cowen and Stifel have also adjusted their price targets to $365 and $355, respectively, while noting the company's strategic focus on digital transformation and AI as key to navigating current market conditions.
Accenture has raised its annual revenue forecast, now expecting growth of 5% to 7%, up from a previous estimate of 4% to 7%. This revision is driven by strong demand for services in cloud migration, AI-driven digital transformation, and data security, alongside securing significant projects in various sectors.
Barclays continues to recommend Accenture as a buy, particularly in light of recent market weaknesses. This stance reflects confidence in Accenture's potential despite current challenges. Investors may find this an opportune moment to consider the stock.
Accenture has reported a significant decline in revenues due to Elon Musk's spending cuts within the US government, which have slowed new procurement actions. The consulting firm, which relies on government contracts for 8% of its $16.7 billion revenue, has seen its shares drop nearly 10%. Despite these challenges, Accenture's CEO remains optimistic about future opportunities to enhance government efficiency.
Accenture has increased its full-year revenue forecast, driven by a surge in demand for AI services. This adjustment reflects the growing importance of artificial intelligence in the company's business strategy and overall market performance.
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