Accenture and these other stocks could hold up in a recession, Wall Street says

div > div.group > p:first-child"> The debate rolls on about the chances of an economic downturn, but Wall Street analysts said this week there's plenty of quality companies to invest in if a recession occurs.

Accenture continues to impress analysts at Bernstein. The consulting company reported earnings this week and not only beat expectations on revenue but raised its full year outlook. Bernstein analyst Harshita Rawat said unlike the last recession, this time would be different if there is one. Accemtire"is likely better positioned due to diversified revenue growth and higher share of cloud," she said.In new coverage this week, analysts at BTIG initiated Verra Mobility with a buy.

"...What happens to earnings and multiples in a downturn?. ... .In a repeat of 2008-09, we see stock downside of ~20-30% - on cyclicality of revenue growth , resilience of margins & buybacks, and multiple compression . Compared to the last recession, ACN is likely better positioned due to diversified revenue growth and higher share of cloud."

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street analysts this week are increasingly worried about Amazon hurting the stocks they coverCNBC combed through Wall Street research over the last week to see what stocks are feeling the Amazon effect. they just discovered this ? No shit ! And I’m a Wharton drop - out . Get lost
Source: CNBC - 🏆 12. / 72 Read more »

Tesla’s biggest supporters on Wall Street are nervous about the company's first quarter resultsEven the staunchest of bulls are worried about Tesla's results this quarter.
Source: BusinessInsider - 🏆 729. / 51 Read more »