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

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.

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