Barclays Sees Accenture's (ACN) Growth As Wildcard for FY13; Slightly Lowers Estimates

Article Stock Quotes (1) Comments (0)

Barclays maintains an 'Equalweight' on Accenture plc (NYSE: ACN) price target of $66.00.

Analyst, Darrin D. Peller, says data he is tracking shows Accenture's business trends in Europe are slowing. He cuts FY13 EPS estimates from $4.21 to $4.14, but leaves Q2 revenues at $7.15 billion and FY12 EPS estimate at $3.84.

Peller still likes the company, saying solid growth drivers should limit downside in the stock.

For an analyst ratings summary and ratings history on Accenture plc click here. For more ratings news on Accenture plc click here.

Shares of Accenture plc closed at $57.56 yesterday, with a 52 week range of $47.40-$65.89.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Jefferies Bumps Zumiez (ZUMZ) Numbers Up, But Remains on Sidelines
• UPDATE: MKM Partners Downgrades Alkermes (ALKS) to Sell
• Deutsche Bank Resumes CenterPoint Energy (CNP) at Hold

Create E-mail Alert Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View

Related Entities

Barclays

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?