UPDATE: Stifel Nicolaus Raises PT to $80 on Accenture plc on Fundamental Bullishness

Stifel Nicolaus maintained Accenture plc

with a Buy and raised the price target from $79.00 to $80.00. Stifel Nicolaus analyst David Grossman commented, "In sum, we expect solid fundamentals with growth accelerating in the back half of the year consistent with previous guidance. There are several factors driving improving fundamentals and accelerating growth including easing comparisons, double digit growth in consulting bookings over the past 24 months which are beginning to convert to revenue, the re-emergence of smaller quick turn projects in the pipeline last quarter and stable economic fundamentals." Accenture plc closed at $76.18 on Tuesday.