UPDATE - Barclays Downgraded Accenture (ACN) to Equalweight; Resilient Growth Priced In
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Price: $185.28 +2.17%
Rating Summary:
26 Buy, 17 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
26 Buy, 17 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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UPDATE - Barclays downgraded Accenture plc (NYSE: ACN) from Overweight to Equalweight, maintains price target of $61.00.
Barclays analyst says, "Shares of ACN are trading only about 5% below their 52-week high (reached in early July around ACN's addition to the S&P 500), with a 30%+ premium to the S&P 500 forward multiple on a calendar year basis (close to the 52-week high of 35% and above the median historical 20%). On a FY 2012 P/E basis, ACN is trading close to a multiple point above its median historical multiple of ~15x. While we continue to see ACN's above-average growth potential in a challenging economy warranting a premium to market valuations (and consider trough forward P/E valuations of 9-10x unlikely), we now consider the shares fairly valued."
To see more ratings changes on ACN, Click Here
Barclays analyst says, "Shares of ACN are trading only about 5% below their 52-week high (reached in early July around ACN's addition to the S&P 500), with a 30%+ premium to the S&P 500 forward multiple on a calendar year basis (close to the 52-week high of 35% and above the median historical 20%). On a FY 2012 P/E basis, ACN is trading close to a multiple point above its median historical multiple of ~15x. While we continue to see ACN's above-average growth potential in a challenging economy warranting a premium to market valuations (and consider trough forward P/E valuations of 9-10x unlikely), we now consider the shares fairly valued."
To see more ratings changes on ACN, Click Here
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