BUZZ-PREVIEW: Accenture shares dip; results due early Thursday
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Accenture sharesfell 0.5% ahead of its quarterly results, expected to show revenue growth to $16.62 billion and adjusted EPS of $2.82. Concerns over federal consulting contracts and reduced IT spending have impacted forecasts, with Morgan Stanley lowering its price target to $372. Despite a median price target of $395.97, Accenture is down 8.4% year-to-date, compared to a 4.1% decline in the S&P 500. Of 26 analysts, 19 recommend a "strong buy" or "buy."
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