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Fly News Breaks for June 4, 2018
ACN
Jun 4, 2018 | 07:38 EDT
Baird analyst David Koning designated Accenture as a cautious Fresh Pick for the month of June, given 2019 estimates are biased lower on foreign exchange. The analyst said reported revenue growth is likely to decelerate and he thinks the stock can trade to the low $150's after reporting Q3 results. Koning maintained his Neutral rating and $165 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.