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Morgan Stanley Updates Forecast For Accenture PLC

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In a report published Friday, Morgan Stanley analyst Katy L. Huberty reiterated an Equal-Weight rating on Accenture PLC (NYSE: ACN).

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.

Latest Ratings for ACN

DateFirmActionFromTo
Jul 2016Pacific CrestInitiates Coverage onOverweight
Jul 2016BarclaysMaintainsEqualweight
Jun 2016Credit SuisseDowngradesOutperformNeutral

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Posted-In: Katy L. Huberty Morgan StanleyAnalyst Color Reiteration Analyst Ratings

 

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