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Accenture price target raised to $430 from $420 at Goldman Sachs

Goldman Sachs analyst James Schneider raised the firm’s price target on Accenture (ACN) to $430 from $420 and keeps a Buy rating on the shares. The analyst believes that the stock will hold its post-earnings gains with stronger underlying revenue results and guidance despite significant FX pressure. Goldman Sachs adds that it sees significant secular tailwinds for Accenture when cyclical headwinds fully subside.

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