Morgan Stanley Maintains Overweight on Accenture, Raises Price Target to $400
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst James Faucette has maintained an Overweight rating on Accenture (ACN) and increased the price target from $369 to $400.
January 24, 2024 | 7:38 pm
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Morgan Stanley's analyst has reaffirmed an Overweight rating on Accenture and raised the price target to $400, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like James Faucette from Morgan Stanley typically signals a strong conviction in the company's future performance and growth potential. This can positively influence investor sentiment and potentially lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100