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Fly News Breaks for March 13, 2018
ACN
Mar 13, 2018 | 05:35 EDT
Deutsche Bank analyst Bryan Keane believes Accenture is likely to raise its fiscal 2018 revenue growth guidance of 8.5%-10.5% when reporting Q2 on March 22. Accenture is seeing a strong uptick in demand for its services coming off a softer than normal fiscal 2017, Keane tells investors in a pre-earnings research note. He believes the company's momentum across segments and geographies is "robust" and keeps a Buy rating on the 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.