Baird analyst David Koning views Accenture risk/reward as "decent" into Q4 earnings as consensus estimates are biased higher, but notes shares have been strong since September. The analyst said foreign exchange and acquisitions have become increasingly positive for 2018 and believes revenue growth will be guided to 7%-9%, versus consensus of 7%. Koning believes valuation will hold or improve a bit as reported growth is likely to accelerate to the high single digits in FY18. The analyst raised his price target to $148 from $142 and maintains a Neutral rating.