UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on Accenture

In a report published Friday, Jefferies & Company reiterated its Hold rating on Accenture plc

, and slightly raised its price target from $65.00 to $66.00. Jefferies noted, “We expect shares to trade up tomorrow given that F4Q consulting bookings were stronger than expected, F13 revs/EPS guidance was modestly above consensus, and management's tone remained upbeat. ACN's execution continues to be strong, but we were surprised that F13 bookings are forecasted to be only flat y/y, and valuation is likely nearing a realistic ceiling. Maintain Hold.” Accenture plc closed on Thursday at $65.38.