Accenture price target raised to $314 from $311 at JPMorgan

JPMorgan analyst Tien-tsin Huang raised the firm’s price target on Accenture to $314 from $311 and keeps an Overweight rating on the shares. The company’s fiscal Q2 report was "very encouraging," coming in well ahead of broadly negative expectations going into the print, the analyst tells investors in a research note. The firm says the results demonstrate how Accenture’s scale and diversity helps it navigate difficult environments. In addition, the recently announced restructuring should create room for continued investments and above industry average growth profile, the analyst tells investors in a research note.