Accenture’s Estimates Raised at Morgan Stanley; Trends Point to Growth (ACN)

Consulting and outsourcing company Accenture Plc (ACN) on Monday caught some positive commentary from analysts at Morgan Stanley.

The firm said it boosted its earnings estimates for ACN through 2014, noting the company remains well-leveraged to benefit from secular growth trends. Morgan Stanley maintained its “Overweight” rating and $66 price target on ACN, suggesting a 12% upside to the stock’s Friday closing price of $58.71.

Accenture shares were unchanged in premarket trading Monday.

The Bottom Line
Shares of Accenture Plc (ACN) have a 2.30% dividend yield, based on Friday’s closing stock price of $58.71. The stock has technical support in the $54 price area. The stock is approaching all-time high levels of $62-$64 price a share.

Accenture Plc (ACN) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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