Berenberg Starts Accenture plc (ACN) at Buy

October 13, 2016 7:41 AM EDT
Get Alerts ACN Hot Sheet
Price: $115.50 -0.39%

Rating Summary:
    17 Buy, 15 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 23 | Down: 34 | New: 34
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Berenberg initiates coverage on Accenture plc (NYSE: ACN) with a Buy rating and a price target of $140.00.

Analyst Georgios Kertsos commented, "We initiate coverage of Accenture with a Buy recommendation and a price target of USD140.00: We believe the stock provides an attractive investment opportunity for investors to gain exposure to the IT services industry, with an average seven-year return to shareholders (including dividends) of c20% pa. We see Accenture as the IT services leader with an unmatched global footprint and positioning to benefit from digital disruption, and a management team with solid execution capabilities."

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 $117.62 yesterday.

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