BMO Capital analyst Keith Bachman raised his price target on Accenture to $200 after its in-line Q4 results and "positive" bookings. The analyst keeps his Market Perform rating however, saying the bookings growth was driven by outsourcing, while the company's consulting revenue on constant currency was "flat". Given the latest growth metrics, Bachman says the valuation on Accenture is not compelling.
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