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Fly News Breaks for June 29, 2018
ACN
Jun 29, 2018 | 07:42 EDT
BMO Capital analyst Keith Bachman raised his price target on Accenture to $170 after its Q3 earnings beat and raised FY18 outlook, saying he was impressed with the company's "broad-based revenue growth and strong signings", even though margins were "a touch weaker than expected". Bachman expects adverse FX to start to weigh on Accenture results going forward, but still sees constant-currency revenue growth in the 9%-10% range. The analyst keeps his Market Perform rating on shares, citing "elevated valuation".
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