Argus analyst Jim Kelleher raised his price target on Accenture to $200 and kept his Buy rating after its Q4 results, saying that while the company guided Q1 cautiously, it is typically "very conservative" in its outlook and tends to bump up its annual guidance at every quarter. The analyst is positive on the customers' engagement of Accenture services to assist them in digital transformation, stating that its "The New" business category which includes digital / cloud / security saw a "strong" double digit" annual growth. Kelleher adds that the company's premium valuation relative to its peer group is warranted by its "rising revenue and new orders, strong cash-growth trends, market-share gains, and increasing profitability".

IBM (IBM) is scheduled to report results of its fiscal first quarter after the market close on April 24, with a conference call scheduled for 5:00 pm ET. What to watch... To see the rest of the story go to thefly.com. See Story Here