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Fly News Breaks for February 6, 2019
IT
Feb 6, 2019 | 07:30 EDT
As previously reported, BMO Capital analyst Jeffrey Silber downgraded Gartner to Market Perform from Outperform and lowered his price target to $142 from $151. The analyst notes that the company's Q4 earnings miss should also make it difficult to achieve the management's reiterated outlook for double-digit Global Business Sales contract value growth. Silber adds that Gartner stock continues to trade at a "sizable premium on virtually all metrics", while its near term upside looks limited.
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