Morgan Stanley Maintains Overweight Rating On Accenture

According to Morgan Stanley, Accenture (NYSE: ACN) Overweight rating is maintained.

Morgan Stanley said that ACN's addition to the S&P 500 should create theoretical demand for shares from passive indexers, which adds to our positive view of the stock. “ACN is our highest conviction Overweight-rated stock in IT services. In our view, Accenture's deep client relationships and renowned industry/domain expertise are reemerging as unique competitive differentiators in the midst of a secular shift in client priorities toward “high-value” from “low-cost.””

Accenture closed yesterday at $57.79.