UPDATE: Stifel Nicolaus Increases Target to $69 on Accenture

Stifel Nicolaus raises its price target $2 to $69 on Buy-rated Accenture ACN as it raises EPS above consensus on strong industry trends. Stifel Nicolaus says, "On a trading basis, the focal points next week will be whether management raises FY12 (Aug) cc revenue guidance (7-10%), consulting bookings (more cyclical), updated commentary on consulting growth in 2HFY12 and their tone. Based on various industry data points we would expect management to emphasize the higher end of the revenue growth range, consulting bookings growth of mid-high single digits at cc and a positive tone with the typical economic caveats." ACN closed at $60.27 a share on Thursday.