Cowen says that despite its rise this year, Accenture (ACN -0.5%) is still trading at the low...


Cowen says that despite its rise this year, Accenture (ACN -0.5%) is still trading at the low end of its historical valuation. The firm likes the risk/reward on the strength of its relatively stable business in Europe, accelerating momentum, dividend yield, and free cash flow. It currently rates the shares at Outperform.
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