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Fly News Breaks for March 29, 2019
ACN
Mar 29, 2019 | 09:30 EDT
SunTrust analyst Frank Atkins raised his price target on Accenture to $180 after its Q2 results showed "strong bookings growth" and better than expected revenue, with earnings aided by the lower tax rate. The analyst is keeping his Hold rating on the shares however, noting that the current consensus for Accenture "leaves little room for upside" and its valuation "remains elevated relative to peers and historical averages."
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.