Jefferies is out with its report today on Accenture ACN, assuming coverage of ACN at Hold.
In a note to clients, Jefferies writes, "In our view, over the past 9-12 months, shares of Accenture have benefited not just from improved fundamentals and strong execution but, in our view, also from being viewed as a QE2/weak dollar play. We think F11 YTD results may be as good as it gets for ACN – sentiment is already very positive, the stock has outperformed, and we would not recommend chasing shares at current levels."
Jefferies lowers its PT on ACN from $60 to $58.
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Posted In: Analyst ColorAnalyst RatingsaccentureInformation TechnologyIT Consulting & Other ServicesJefferies
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