Accenture’s Estimates Boosted at Goldman Sachs; Currency Trends Improving (ACN)

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Technology consulting and outsourcing company Accenture Plc ( ACN ) on Wednesday saw its earnings estimates lifted by analysts at Goldman Sachs.

The firm said it raised its estimates for ACN through 2013, citing expected benefits from improving currency trends. Goldman maintains its "Buy" rating and $64 price target on ACN, suggesting a 12% upside to the stock's Tuesday closing price of $57.12.

Accenture shares were mostly flat in premarket trading Wednesday.

The Bottom Line
Shares of Accenture ( ACN ) have a 1.58% dividend yield, based on last night's closing stock price of $57.12. The stock has technical support in the $52-$55 price area. The shares are trading near all-time highs and have little overhead resistance.

Accenture Plc ( ACN ) is not recommended at this time, holding a Dividend.com 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 .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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