Goldman Sachs Discusses Accenture's Analyst Day (ACN)

Goldman Sachs is out with a research note on Accenture Plc ACN. It has a $64 price target on shares. In a note to investors, Goldman writes, "ACN annual analyst day on April 14 to focus on longer-term prospects for growth Consistent with its recently reported results, we expect ACN's analyst day to confirm strong enterprise IT demand is driving its organic revenue growth to near record levels. Looking ahead we expect that ACN's long-term growth to benefit from strength in late-cycle spending and new technology initiatives. In addition to its growth prospects, we expect ACN to address its prospects for long-term margin improvement and capital deployment plans (i.e., dividend and buybacks)." Shares of ACN gained 26 cents on Friday to close at $55.10, a gain of nearly 0.5%.