Market Overview

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

Related ACN
Infosys Beats 4Q Earnings Estimates - Analyst Blog
Accenture, SAP AG Form Strategic Alliance - Analyst Blog
Accenture 2Q Profit Slumps, Misses Street View (Fox Business)

In a report published Friday, Jefferies & Company reiterated its Hold rating on Accenture plc (NYSE: ACN), 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.

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

Most Popular

Related Articles (ACN)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free