Loading...
Loading...
In a report published Wednesday, Bank of America analyst Sara Gubins reiterated a Neutral rating and $85.00 price target on
Accenture PLCACN.
In the report, Bank of America noted, “ACN's investor day was well attended, and management's tone was upbeat.Management sees pricing as stable-to-improving, has a solid pipeline of deals, and has strong demand for Digital (17% of revenue) and Operations (ITO and BPO, 20% of rev.) practices. We remain Neutral on ACN shares with an $85 price target based on our view gross margin pressures will continue and a relatively sluggish FY15 revenue forecast of 6.5% in constant currency (with 100bp from M&A). ACN shares trade at 16x our CY15E EPS of $4.93, in line with its historical multiple.”
Accenture PLC closed on Tuesday at $78.81.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in