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New Buy Rating for Accenture (ACN), the Technology Giant

Tipranks - Tipranks - Tue Mar 24, 3:50AM CDT

In a report released today, Sean Kennedy from Mizuho Securities reiterated a Buy rating on Accenture, with a price target of $280.00.

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According to TipRanks, Kennedy is an analyst with an average return of -25.7% and a 9.68% success rate. Kennedy covers the Technology sector, focusing on stocks such as Accenture, Epam Systems, and Cognizant.

In addition to Mizuho Securities, Accenture also received a Buy from Guggenheim’s Jonathan Lee CFA in a report issued on March 20. However, on the same day, HSBC upgraded Accenture (NYSE: ACN) to a Hold.

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Based on Accenture’s latest earnings release for the quarter ending February 28, the company reported a quarterly revenue of $18.04 billion and a net profit of $1.86 billion. In comparison, last year the company earned a revenue of $16.66 billion and had a net profit of $1.79 billion

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