Goldman Sachs Suggests Buying Calls on Accenture plc (ACN)

Goldman Sachs is out with a research note this morning, where it suggests that traders buy calls on Accenture plc ACN ahead of its analyst day. Goldman Sachs IT Services analyst, Julio Quinteros, rates ACN Buy and sees 15% upside to his 12-month price target of $64. He expects management to discuss bullish supply side commentary and capital allocation plans. Goldman Sachs suggests buying the May $57.50 call for $0.85. Accenture plc is a management consulting, technology services and outsourcing company, which has offices and operations in more than 200 cities in 53 countries. Its business is organized in five operating groups and their 19 industry groups.