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Fly News Breaks for June 20, 2019
ACN
Jun 20, 2019 | 07:23 EDT
Citi analyst Ashwin Shirvaikar raised his price target for Accenture to $211 from $194 and tells investors to buy the stock ahead of the company's fiscal Q3 results on June 27. The analyst expects a "solid, above-consensus" quarter and for Accenture to raise both its revenue and earnings full-year outlook mid-points. He considers the company a core large-cap tech holding and keeps a Buy rating on the 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.