Cowen Reiterates Outperform Rating and $131 PT on Accenture (ACN); 'Revenue Growth Expected to Accelerate' in 2H
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Rating Summary:
26 Buy, 13 Hold, 0 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 11 | New: 43
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Cowen analyst Bryan Bergin analyst Outperform rating and $131 price target on Accenture plc (NYSE: ACN), suggesting revenue growth expected to accelerate in consulting, as the company reported a mostly in-line second quarter.
Bergin comments, "A mostly in-line quarter and increases to the low-end of revenue/EPS guides were not enough to satisfy elevated Street expectations. However, an optimistic 2H17 outlook, with broad-based momentum across its business and an expected recovery in 2 of 3 pressured verticals supports sustainable and balanced growth. With leading strength in Digital, Accenture remains a long-term top pick."
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 $118.98 yesterday.
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