Morgan Stanley Updates Forecast for Accenture PLC

In a report published Friday, Morgan Stanley analyst Katy L. Huberty reiterated an Equal-Weight rating on

. In the report, Morgan Stanley noted, “Strong revenue performance confirms the cyclical recovery in consulting and Europe highlighted by our leading indicator model in March. Investments in the business, payroll inefficiencies, and continued, although stabilized, pricing pressure limit margin expansion in FY14.” Accenture PLC closed on Thursday at $81.53.