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Fly News Breaks for September 28, 2018
ACN
Sep 28, 2018 | 07:55 EDT
BMO Capital analyst Keith Bachman raised his price target on Accenture to $180, citing its latest earnings beat and "reasonable, if not conservative" FY19 guidance in spite of the expectations of a "deteriorating" macro environment. The analyst also notes that he expects continued gross margin expansion from Accenture, calling it a "best-in-class IT services provider", but keeps his Market Perform rating on the stock based on his high attrition cost concerns and "full" valuation.
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