NEW YORK (TheStreet) -- Shares of Accenture (ACN) are trading higher by 0.57% to $97.48 on Thursday, after the consulting service provider had its price target raised at Jefferies to $95 from $93 while maintaining its "hold" rating.
The firm believes that Accenture will maintain solid revenue growth in 2015 with earnings between $4.66 and $4.76 per share.
"Our analysis suggests that the actual headwinds will be in-line with management's guidance and discretionary spending environment remains stable," Jefferies analysts said this morning.
Jefferies expects the company's third quarter bookings to be approximately $8.5 billion to $9 billion, with its full-year bookings in a range of $33 billion to $35 billion in 2015.
Accenture is a global service company that is engaged in providing management consulting, technology and outsourcing services.
Separately, TheStreet Ratings team rates ACCENTURE PLC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate ACCENTURE PLC (ACN) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, solid stock price performance and increase in net income. We feel its strengths outweigh the fact that the company shows low profit margins."
Highlights from the analysis by TheStreet Ratings Team goes as follows: