Morgan Stanley Updates Forecast For Accenture PLC
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
|Oct 2016||Berenberg||Initiates Coverage On||Buy|
|Oct 2016||Pacific Crest||Maintains||Overweight|
|Oct 2016||Cantor Fitzgerald||Maintains||Buy|
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.