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ACN

Accenture

$118.25

0.14 (0.12%)

, HES

Hess Corp.

$51.70

0.18 (0.35%)

07:58
10/17/16
10/17
07:58
10/17/16
07:58

Accenture, Hess Corp. in five-year cloud transition agreement

Accenture (ACN) has been chosen by Hess Corporation (HES) to help realize its As-a-Service vision that is part of the Hess IT transformation strategy. The new cloud-enabled operating model can ramp up or down IT infrastructure and digital technologies during volatile industry cycles. Under the terms of the five-year agreement, Accenture and Hess will work on planning, design and implementation of a technology solution that links field assets to a network of cloud-based offerings, delivered as-a-Service, with consumption-based pricing focused on reducing cost, increasing production, and simplifying technology. The project includes migrating Hess' applications and servers to the cloud. Accenture will support the migration and redevelopment of applications using its cloud transformation services with security applications, and leveraging features of leading public-cloud providers for scalability.

ACN

Accenture

$118.25

0.14 (0.12%)

HES

Hess Corp.

$51.70

0.18 (0.35%)

  • 23

    Oct

  • 26

    Oct

ACN Accenture
$118.25

0.14 (0.12%)

07/12/16
PACS
07/12/16
INITIATION
PACS
Overweight
Accenture initiated at Pacific Crest
As noted earlier, Pacific Crest initiated coverage of Accenture with an Overweight rating. The firm expects the company's revenue to continue to grow going forward, driven partly by the quality of its global delivery model and increased demand in the wake of technological upgrades. Target $129.
09/08/16
WEDB
09/08/16
INITIATION
Target $125
WEDB
Outperform
Accenture initiated with an Outperform at Wedbush
Wedbush analyst Moshe Katri initiated Accenture with an Outperform and named it a Top Pick in IT Services with a $125 price target. The analyst expects Accenture to continue to benefit from recent SMAC investment as well as from its aggressive global delivery model which will likely provide incremental growth and scale. Katri recommends owning the stock post Q4 earnings on September 29, which he expects cautious guidance commentary but notes management has a long, consistent track record of returning cash to shareholders.
09/26/16
SOCG
09/26/16
UPGRADE
SOCG
Buy
Accenture upgraded to Buy from Hold at Societe Generale
10/13/16
BREN
10/13/16
INITIATION
Target $140
BREN
Buy
Accenture initiated with a Buy at Berenberg
Berenberg analyst Georgios Kertsos initiated Accenture with a Buy and a $140 price target.
HES Hess Corp.
$51.70

0.18 (0.35%)

06/30/16
BOFA
06/30/16
NO CHANGE
Target $85
BOFA
Buy
Hess Corp. price target raised to $85 from $75 at BofA/Merrill
09/12/16
KLRG
09/12/16
INITIATION
Target $65
KLRG
Accumulate
Hess Corp. initiated with an Accumulate at KLR Group
KLR Group analyst John Gerdes started Hess Corp. with an Accumulate rating and $65 price target.
09/12/16
WOLF
09/12/16
DOWNGRADE
WOLF
Peer Perform
Hess Corp. downgraded to Peer Perform from Outperform at Wolfe Research
Wolfe Research downgraded Hess to Peer Perform citing lack of catalysts and views the stock as a value trap following the latest dry hole in Guyana.
09/12/16
09/12/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Hess Corp. (HES) initiated with an Accumulate at KLR Group. 2. Verifone (PAY) initiated with a Buy at BTIG. 3. VF Corp. (VFC) resumed with a Market Perform at Wells Fargo. 4. Demand Media (DMD) initiated with a Buy at Craig-Hallum. 5. Owens & Minor (OMI) reinitiated with a Neutral at BofA/Merrill. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

PRTA

Prothena

$55.15

2.12 (4.00%)

10:22
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WPM

Wheaton Precious Metals

$19.98

-0.4 (-1.96%)

10:22
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Conference/Events
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  • 29

    Jun

BAC

Bank of America

$24.42

0.535 (2.24%)

10:20
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Bank of America with high option volume as shares rally »

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STWD

Starwood Property

$22.38

-0.11 (-0.49%)

10:19
06/29/17
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Conference/Events
Starwood Property management to meet with JMP Securities »

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  • 29

    Jun

SHLD

Sears

$8.01

0.29 (3.76%)

, SRG

Seritage Growth Properties

$41.98

-0.32 (-0.76%)

10:19
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Periodicals
Fairholme's Berkowitz growing his bet on Sears, WSJ reports »

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SHLD

Sears

$8.01

0.29 (3.76%)

SRG

Seritage Growth Properties

$41.98

-0.32 (-0.76%)

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SRDX

SurModics

$28.30

0.75 (2.72%)

10:18
06/29/17
06/29
10:18
06/29/17
10:18
Conference/Events
SurModics management to meet with Aegis »

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  • 29

    Jun

  • 30

    Jul

$NSD

NASDAQ Market Internals

10:17
06/29/17
06/29
10:17
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10:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

03/08/13
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POL

PolyOne

$38.14

-0.27 (-0.70%)

10:16
06/29/17
06/29
10:16
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10:16
Conference/Events
PolyOne management to meet with Northcoast »

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  • 29

    Jun

  • 30

    Jun

$NYE

NYSE Market Internals

10:16
06/29/17
06/29
10:16
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10:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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10:15
06/29/17
06/29
10:15
06/29/17
10:15
General news
Fed funds futures are sinking lower »

Fed funds futures are…

10:15
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General news
Breaking General news story  »

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APRN

Blue Apron

10:13
06/29/17
06/29
10:13
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10:13
Hot Stocks
Blue Apron CEO says company ready to go public, but didn't 'need' IPO to be now »

Blue Apron CEO Matt…

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03/08/13
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  • 29

    Jun

VRX

Valeant

$18.09

0.9399 (5.48%)

10:10
06/29/17
06/29
10:10
06/29/17
10:10
Options
Valeant calls active as shares rally »

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  • 24

    Aug

SPY

SPDR S&P 500 ETF Trust

$243.04

-0.45 (-0.18%)

, SPX

S&P 500

10:08
06/29/17
06/29
10:08
06/29/17
10:08
Technical Analysis
Technical View: S&P 500 falls below range midpoint and pivot low »

The S&P 500 (SPX) is…

SPY

SPDR S&P 500 ETF Trust

$243.04

-0.45 (-0.18%)

SPX

S&P 500

03/08/13
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MODN

Model N

$12.95

-0.0001 (-0.00%)

10:06
06/29/17
06/29
10:06
06/29/17
10:06
Initiation
Model N initiated  »

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SNAP

Snap

$17.98

0.22 (1.24%)

10:05
06/29/17
06/29
10:05
06/29/17
10:05
Options
Snap Inc. call volume above normal and directionally bullish »

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  • 19

    Jul

10:05
06/29/17
06/29
10:05
06/29/17
10:05
General news
Euro$ interest rate futures slumped »

Euro$ interest rate…

MSFT

Microsoft

$69.80

0.59 (0.85%)

10:03
06/29/17
06/29
10:03
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10:03
Technical Analysis
Technical View: Microsoft falls, nears test of long-term uptrend support »

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  • 20

    Jul

10:00
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General news
Today's U.S. reports »

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SCSS

Select Comfort

$31.98

0.46 (1.46%)

09:59
06/29/17
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Technical Analysis
Technical View: Select Comfort spikes higher »

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DDAIF

Daimler AG

$74.10

0.9 (1.23%)

09:56
06/29/17
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09:56
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Periodicals
German Mercedes workers to protest amid electric-car shift, Bloomberg says »

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AYI

Acuity Brands

$197.98

18.25 (10.15%)

, STZ

Constellation Brands

$195.70

12.02 (6.54%)

09:55
06/29/17
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09:55
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Options
Early notable gainers among liquid option names on June 29th »

Notable gainers among…

AYI

Acuity Brands

$197.98

18.25 (10.15%)

STZ

Constellation Brands

$195.70

12.02 (6.54%)

RF

Regions Financial

$14.74

0.65 (4.61%)

FITB

Fifth Third

$25.49

0.4 (1.59%)

C

Citi

$67.41

2.23 (3.42%)

03/08/13
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  • 29

    Jun

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  • 14

    Jul

  • 20

    Jul

  • 21

    Jul

  • 21

    Jul

  • 25

    Jul

SCSS

Select Comfort

$31.98

0.46 (1.46%)

, TPX

Tempur Sealy

$52.98

2.105 (4.14%)

09:51
06/29/17
06/29
09:51
06/29/17
09:51
Hot Stocks
Select Comfort strength attributed to takeover speculation »

Shares of Select Comfort…

SCSS

Select Comfort

$31.98

0.46 (1.46%)

TPX

Tempur Sealy

$52.98

2.105 (4.14%)

03/08/13
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09:50
06/29/17
06/29
09:50
06/29/17
09:50
General news
Bloomberg Consumer Comfort Index Level data reported »

Week of 6/25 Bloomberg…

MSFT

Microsoft

$69.80

0.59 (0.85%)

09:48
06/29/17
06/29
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09:48
Hot Stocks
Microsoft to acquire Cloudyn, terms not disclosed »

Microsoft has signed a…

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  • 20

    Jul

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