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Fly News Breaks for September 20, 2019
ACN
Sep 20, 2019 | 05:57 EDT
Barclays analyst Ramsey El-Assal started Accenture with an Overweight rating and $228 price target. Relative to Payments Processors, the analyst has a "more neutral" view of the IT services industry. However, he views Accenture as a "defensive, consistent" performer, capable of ongoing margin expansion.
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.