Why Accenture Stock Flopped on Friday
(NYSE: ACN) is one company that's surely glad the trading week is over. The consultancy's share price continued its fall on Friday, losing another 2.9% in value. This was a notably worse performance than the S 500 index's 0.8% slide. Several analysts cut their price targets on the stock, with one going so far as to downgrade his recommendation.
The downgrading party was TD Cowen's Bryan Bergin, who now feels Accenture is worthy of a market perform (hold, in other words) instead of his previous outperform (buy). With the downgrade came a price target cut; this is now $300 per share, down from Bergin's former $325.
In a new note on the stock, the prognosticator wrote that the latest fundamentals from the company indicate a "further deterioration in demand signals that yields incremental uncertainty and estimate risk."
Source Fool.com
Accenture plc A Aktie
Einzigartige Zustimmung für Accenture plc A mit ausschließlich Buy-Einschätzungen.
Das Kursziel von 244 € für Accenture plc A bedeutet eine deutliche Steigerung von über 50% gegenüber dem aktuellen Kurs von 148.0 €.
