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Fly News Breaks for February 26, 2020
ACN
Feb 26, 2020 | 15:51 EDT
Morgan Stanley analyst James Faucette resumed coverage of Accenture with an Overweight rating and $240 price target, stating that he likes the company's proven capital allocation strategy, consistent revenue growth and margin expansion and experience building out strong platform relationships.
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.