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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 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 Nasdaq, Inc.

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

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