Accenture plc (ACN) PT Raised to $205 at Cowen

Cowen analyst Bryan Bergin raised the price target on Accenture plc (NYSE: ACN) to $205.00 (from $195.00) while maintaining an Outperform rating.

The analyst commented, "Strong YTD share performance, an expectation for more moderate EPS growth, and Consulting trends that may weigh on the magnitude of beats yields a more challenging setup for ACN shares. Still, investors are demonstrating a willingness to pay a premium for its quality and consistency. Compounder status unchanged, roll-fwd valuation w/ PT to $205."

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