Accenture price target raised to $390 from $380 at BMO Capital

BMO Capital raised the firm’s price target on Accenture to $390 from $380 and keeps a Market Perform rating on the shares. The company’s quarter was reasonable, including 24% bookings quarter off the easiest compare in several years, while its outlook for 3%-6% growth is the “right starting point”, the analyst tells investors in a research note. Accenture has been inconsistent in meeting the mid-point of guidance the past few years, and BMO sees in-line results with “upside tension to this outlook range, the firm added.