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Barclays Maintains an 'Overweight' on Accenture plc (ACN); Solid Trends Sustainable into 2012

April 15, 2011 1:53 PM EDT Send to a Friend
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Price: $80.65 +0.34%

Rating Summary:
    10 Buy, 13 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 35 | Down: 23 | New: 13
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Barclays maintains an 'Overweight' on Accenture plc (NYSE: ACN), PT increased from $62 to $65.

Barclays analyst says, "We consider ACN's revenue and EPS targets very conservative. While Y/Y comparison does become more challenging, we believe a number of incremental drivers support further upside to the story, including (1) Improving growth across ACN's addressable markets, with client demand clearly on the upswing; (2) ERP and merger integration work, which may initially have been considered non-recurring by investors, showing substantial momentum over at least the next couple of years, particularly as large companies continue to expand internationally; (3) ACN's global presence, which the company continues to build and leverage for accelerated expansion into high-growth markets; (4) ACN's consulting edge and incremental efforts to cultivate employees' industry vertical expertise (both on-site and offshore) positioning the company at the forefront of secular trends in innovation, such as mobility; and (5) More favorable exposure than competitors to longer-term margin levers, such as value-based pricing. With solid visibility to sustained outperformance and shareholder returns, in our view, we continue to recommend shares."

For more ratings news on Accenture plc click here and for the rating history of Accenture plc click here.

Shares of Accenture plc closed at $55.56 yesterday.




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