UPDATE: Deutsche Bank Color On ACN Target Increase

Deutsche Bank, which has raised its PT on shares of Accenture ACN, is providing some color on the stock. “After delivering very strong F2Q results and again raising F11 guidance, it's clear that Accenture is well positioned for continued growth as global macros rebound,” Deutsche Bank writes. “Broad-based strength across service lines and geographies underscore Accenture leading market position and improved spending environment.” Accenture closed Thursday at $51.96.