UPDATE: Morgan Stanley Downgrades Accenture as Cloud Adoption Drives Rating Changes

In a report published Wednesday, Morgan Stanley analyst Katy L. Huberty downgraded the rating on Accenture plc (NYSE: ACN ) from Overweight to Equal-Weight. In the report, Morgan Stanley noted, “We move to a Cautious view of our group as cloud computing adoption accelerates faster than expected. We downgrade ACN