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Fly News Breaks for March 21, 2016
ACN
Mar 21, 2016 | 08:32 EDT
Cowen said the Accenture Federal Services business is stable, growing and underappreciated within the company's broader portfolio. The firm thinks the unit is set to benefit from an improving government services environment and reiterated its Outperform rating and $115 price target on Accenture shares.
News For ACN From the Last 2 Days
ACN
Mar 27, 2024 | 07:26 EDT
BofA analyst Jason Kupferberg lowered the firm's price target on Globant (GLOB) to $216 from $245 and keeps a Neutral rating on the shares after having hosted CEO Martin Migoya, CFO Juan Urthiague and CTO Diego Tartara for virtual investor meetings. Despite Accenture's (ACN) bigger-than-expected guidance cut last week, Globant expressed confidence in Q1 and FY24 guidance in spite of continued choppiness in the macroeconomic outlook, the analyst tells investors. Citing read-throughs from peers and compression in comp group multiples, the firm lowered its target, noting that its multiple reflects an unchanged 40% premium to the comp group.