Breaking News Instant updates and real-time market news.

ACN

Accenture

$147.08

1.24 (0.85%)

08:05
01/11/19
01/11
08:05
01/11/19
08:05

Accenture chairman, CEO Pierre Nanterme steps down

Accenture announced that effective immediately, Chairman and CEO Pierre Nanterme has stepped down for health reasons that were previously disclosed in July 2016. Accenture's Board of Directors appointed David Rowland, who has been Accenture's CFO, to become interim CEO, and to the board as a director of Accenture; and named lead independent director Marge Magner as the company's non-executive chair of the board. The company also appointed KC McClure, who currently leads Accenture's finance operations, as CFO. Nanterme will continue at Accenture as advisor to the CEO. Accenture confirmed that there is no change to the business outlook for the second quarter and full fiscal year 2019 that the company provided as part of its first quarter fiscal 2019 earnings announcement on December 20, 2018.

  • 23

    Jan

ACN Accenture
$147.08

1.24 (0.85%)

12/21/18
KEYB
12/21/18
NO CHANGE
Target $173
KEYB
Overweight
Accenture price target cut to $173 from $182 at KeyBanc
KeyBanc analyst Arvind Ramnani maintained an Overweight on Accenture but lowered his price target to $173 from $182 following the company's "mixed" Q1 earnings report. In a research note to investors, Ramnani says he continues to like Accenture longer term, but believes a lower multiple is justified as the overall market multiple has compressed.
12/24/18
RHCO
12/24/18
NO CHANGE
Target $157
RHCO
Hold
Accenture price target lowered to $157 from $178 at SunTrust
SunTrust analyst Frank Atkins lowered his price target on Accenture to $157 and kept his Hold rating, saying that while the company beat on Q1 earnings and grew its revenues by 7%, the "continued softness" in its Financial Services unit growth remains concerning. The analyst states that valuation is becoming "more compelling" on Accenture shares, but already reflects the company's mid-to-high single digit organic growth as the stock trades at a premium to its peer group and near the high end of the consensus expectations range.
01/08/19
BOFA
01/08/19
UPGRADE
BOFA
Buy
Accenture upgraded to Buy from Neutral at BofA/Merrill
01/08/19
01/08/19
UPGRADE
Target $166

Buy
Accenture upgraded to Buy on valuation, visibility at BofA/Merrill
As previously reported, BofA/Merrill upgraded Accenture to Buy from Neutral with a $166 price target. Analyst Jason Kupferberg said recent share underperformance is not justified given Accenture's high near-term visibility and solid FY19 guidance. The analyst said underlying demand trends and share gains remain intact and are supported by the rotation to digital, cloud, and security, which now make up 60% of total revenues. Kupferberg said Accenture is not immune to macro trends, but an adequate cushion has been built into guidance and diversification is a "big plus."

TODAY'S FREE FLY STORIES

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.