Accenture (NYSE:ACN) Competitive Advantage Remains Strong

Goldman Sachs (NYSE:GS) continues to be bullish on Accenture (NYSE:ACN), saying their differentiation will maintain a competitive advantage in their sector.

They said, "The combination of its consulting/outsourcing/offshore continues to resonate with global enterprise clients looking for high-end but cost effective service delivery. In our view this combination including its client-partner and strategic account model present formidable differentiators."

Goldman raised their EPS estimates for full year 2011-2013 to $3.16, $3.63, and $4.12. All of those numbers were increased by 6 cents each from prior estimates.

They maintain a "Buy" rating on Accenture, which was trading at $50.36, up $3.69, or 7.91 percent, as of 12:18 PM EST. They raised their price target on them from $50 to $53.