BMO Capital analyst Keith Bachman raised the firm’s price target on Accenture to $327 from $310 but keeps a Market Perform rating on the shares. The company’s Q2 earnings beat was highlighted by better-than-expected bookings, notably in Consulting, the analyst tells investors in a research note. The firm also believes that Accenture has some room in margins with the reduction in force, even if it continues to net add modest headcount. BMO notes however that relative to the company’s growth profile, the stock’s valuation is full.
Published first on TheFly
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