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Fly News Breaks for November 5, 2018
IT
Nov 5, 2018 | 09:25 EDT
BMO Capital analyst Jeffrey Silber lowers his price target on Gartner to $155 to reflect the impact of its recent divestitures, also saying that the company's latest earnings "beat" was driven by special items such as depreciation, taxes, and share count. The analyst also keeps his Outperform rating on Gartner longer term, citing its position as an "essential resource for businesses to manage technology changes" along with its "large and increasing addressable market, solid incremental margin and strong cash flow".
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