Accenture plc (ACN) PT Raised to $173 at Wells Fargo on 1Q Beat; 'Positive Bookings Trend'

Wells Fargo raised its price target on Accenture plc (NYSE: ACN) to $173.00 (from $163.00) while maintaining a Outperform rating, following the company's first quarter earnings report.

Analyst Caso notes an increased price target on the shares, as the company reported first quarter earnings per share and revenue results above consensus projections fueled by faster than expected booking trends, resulting in a boost to FY18 guidance outlook.

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