Accenture plc (ACN) PT Raised to $172 at KeyBanc; 'Impressive F1Q & Good FY18 Setup... Robust Bookings & Strong Pipeline'
KeyBanc raised its price target on Accenture plc (NYSE: ACN) to $172.00 (from $157.00) while maintaining a Overweight rating, following the company's first quarter earnings report.
Analyst Arvind Ramnani notes a positive outlook on the shares, as the company reported first quarter earnings per share and revenue results above consensus projections driven by robust bookings and strong pipeline, with momentum expected to continue fueled by differentiated digital capabilities.