Accenture plc (ACN) PT Raised to $390 at Stifel

Stifel analyst David Grossman raised the price target on Accenture plc (NYSE: ACN) to $390.00 (from $375.00) while maintaining a Buy rating.

The analyst comments "In our view, ACN is the only professional services provider at scale that has demonstrated an ability to consistently re-skill around different technology and business cycles. While we acknowledge some near-term cyclical headwinds, we believe that ability, combined with the most powerful front-end global consulting capability at scale, positions the company for sustained share gains and consistent margin expansion, which should yield high-single/low-double digit earnings growth plus an attractive dividend yield."

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