Jefferies cuts PT on Accenture citing long-term AI impact on performance

** Jefferies cuts PT on IT consulting firm Accenture ACN to $250 from $260, retains "hold" rating

** Brokerage says company delivered good results, in line with fiscal 2026 guidance; however, investor focus remains on AI and how it impacts ACN's business

** "Industry-wide, the focus continues to be on the impact of AI on the products that firms are developing, as well as the resources that they're utilizing to deliver" - Jefferies

** 16 of 26 brokerages rate stock "buy" or higher, nine "hold" and one "sell"; median PT is $285 - data compiled by LSEG

** As of last close, ACN down 29.8% YTD