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Fly News Breaks for April 10, 2018
IT
Apr 10, 2018 | 09:06 EDT
RBC Capital analyst Gary Bisbee lowered his price target on Gartner to $139 but kept his Top Pick rating, saying his valuation view change is driven by the impact of the CEB Talent Assessment business transaction and expectations of "somewhat" higher interest rates. Bisbee notes that despite the company's disappointing Q2 guidance, the upside on the stock is "compelling" with 3:1 upside-to-downside risk-reward potential. The analyst also points to Gartner's strengthening core technology business and higher expected bookings in the second half of 2018 thanks to the recent "heavy" investment in sales.
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