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Analysts Upgrade Accenture to Neutral Ahead of Q3 Earnings: Here Are 4 Top Picks

Get the Inside Scoop on the Latest Analyst Picks: Accenture, Shift4 Payments, Emerson, and Domino’s Pizza See Upgrades

If you’ve missed out on the latest analyst picks, here’s a recap of the top upgrades since yesterday. Subscribers of InvestingPro had early access to this information. Start your 7-day trial now and stay ahead of the game.

  1. Accenture upgraded to Neutral ahead of Q3 earnings Shares of Accenture (NYSE:ACN) saw a pre-market increase of over 1% after Piper Sandler upgraded the company from Underweight to Neutral. The price target was also raised to $316.00 from $250.00. This upgrade comes in light of Accenture’s recent announcement of a $3 billion investment in its Data & AI practice. The company aims to expand its offerings, introduce new industry solutions, enhance its AI capabilities, and double its AI talent to 80,000 individuals. Accenture’s Q3/23 earnings report is scheduled for June 22, with street estimates predicting EPS of $3.01 and revenues of $16.49 billion.
  2. Shift4 Payments upgraded to Outperform Shift4 Payments (NYSE:FOUR) received an upgrade from SVB MoffettNathanson, which raised its rating from Market Perform to Outperform. The price target was also increased to $80.00 from $75.00. The upgrade was based on several positive factors, including sustainable volume growth in the near-to-medium term, higher profitability compared to peers, and the potential for improved free cash flow conversion.
  3. Emerson Electric upgraded to Buy HSBC upgraded Emerson Electric (NYSE:EMR) from Hold to Buy and raised its price target to $100.00 from $79.00. This upgrade reflects the positive outlook for the company, indicating an optimistic investment opportunity.
  4. Domino’s Pizza sees upgrade to Buy Stifel upgraded Domino’s Pizza (NYSE:DPZ) from Hold to Buy and increased the price target to $350.00 from $320.00. This upgrade follows the company’s strong performance, with shares rising approximately 2% in pre-market trading.

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