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IT

Gartner

$98.88

-0.08 (-0.08%)

09:59
01/12/17
01/12
09:59
01/12/17
09:59

Gartner says Worldwide IT spending is projected to grow 2.7% in 2017

Worldwide IT spending is projected to total $3.5T in 2017, a 2.7% increase from 2016, according to Gartner. However, this growth rate is down from earlier projections of 3%. "2017 was poised to be a rebound year in IT spending. Some major trends have converged, including cloud, blockchain, digital business and artificial intelligence. Normally, this would have pushed IT spending much higher than 2.7 percent growth," said John-David Lovelock, research vice president at Gartner. "However, some of the political uncertainty in global markets has fostered a wait-and-see approach causing many enterprises to forestall IT investments." Worldwide devices spending (PCs, tablets, ultramobiles and mobile phones) is projected to remain flat in 2017 at $589B. A replacement cycle in the PC market and strong pricing and functionality of premium ultramobiles will help drive growth in 2018. Emerging markets will drive the replacement cycle for mobile phones as smartphones in these markets are used as a main computing device and replaced more regularly than in mature markets. The worldwide IT services market is forecast to grow 4.2% in 2017. Buyer investments in digital business, intelligent automation, and services optimization and innovation continue to drive growth in the market, but buyer caution, fueled by broad economic challenges, remains a counter-balance to faster growth.

IT Gartner
$98.88

-0.08 (-0.08%)

01/06/17
01/06/17
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Disney (DIS) upgraded to Outperform from Sector Perform at RBC Capital with analyst Steven Cahall saying he believes sentiment on the media and theme park conglomerate is improving. 2. Gartner (IT) upgraded to Outperform from Market Perform at BMO Capital and to Outperform from Sector Perform at RBC Capital. 3. Fiat Chrysler (FCAU) upgraded to Conviction Buy from Buy at Goldman with analyst Stefan Burgstaller adding Fiat Chrysler to the Conviction Buy List and raised 2017/18 EBIT estimates by 21%/36%, primarily driven by an improved price-mix as a result of the company's NAFTA product realignment. The analyst said the market appears to be skeptical of the company's earnings prospects but he believes Fiat's ability to improve its NAFTA price mix through shifting of production away from mass-market cars and into more profitable vehicles will drive EBIT growth. 4. Integra LifeSciences (IART) upgraded to Outperform from Market Perform at JMP Securities with analyst David Turkaly saying he believes its recent fundamental performance is sustainable after the company streamlined its portfolio to become faster growing and regenerative medicine focused. 5. Willis Towers Watson (WLTW) upgraded to Outperform from Neutral at Credit Suisse. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/06/17
01/06/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. McDonald's (MCD) downgraded to Neutral from Buy at UBS with analyst Dennis Geiger saying the shares at current levels largely reflect improved fundamentals and refranchising benefits. 2. GoPro (GPRO) downgraded to Underperform from Neutral at Longbow with analyst Joe Wittine saying he predicts "another" fourth quarter camera sales miss as "a near-certainty." 3. Stryker (SYK) downgraded to Hold from Buy at Edward Jones and to Underperform from Hold at Needham. 4. Shake Shack (SHAK) downgraded to Neutral from Buy at Buckingham saying current valuation reflects "near-flawless execution." 5. Gartner (IT) downgraded to Neutral from Outperform at Macquarie with analyst Hamzah Mazari citing the CEB deal announcement given a lack of near-term catalysts and visibility surrounding revenue synergy execution. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/09/17
LEHM
01/09/17
UPGRADE
Target $75
LEHM
Equal Weight
CEB upgraded to Equal Weight from Underweight at Barclays
Barclays analyst Manav Patnaik upgraded CEB to Equal Weight saying he sees "virtually no risk" of the Gartner takeover falling through. The analyst raised his price target for the shares to $75 from $50.
01/09/17
LEHM
01/09/17
UPGRADE
Target $115
LEHM
Overweight
Gartner upgraded to Overweight from Equal Weight at Barclays
Barclays analyst Manav Patnaik upgraded Gartner (IT) to Overweight saying the post-CEB (CEB) acquisition pullback creates a "compelling enough" risk/reward scenario. Investors have been given a "rare opportunity to buy a high quality company with strong growth prospects," Patnaik tells investors in a research note. He raised his price target for Gartner shares to $115 from $96.

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AT&T

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WFC

Wells Fargo

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HBAN

Huntington Bancshares

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ASB

Associated Banc-Corp

$25.10

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UBS

UBS

$17.90

0.035 (0.20%)

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UBS Wealth Management president Zeltner close to stepping down, Bloomberg says »

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PFE

Pfizer

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CNP

CenterPoint Energy

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MDXG

MiMedx

$11.99

-0.26 (-2.12%)

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CE

Celanese

$108.31

1.34 (1.25%)

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WAL

Western Alliance

$57.30

-1.25 (-2.13%)

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USB

U.S. Bancorp

$54.60

-0.9 (-1.62%)

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WBS

Webster Financial

$56.16

-0.73 (-1.28%)

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HSBC

HSBC

$51.44

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WTR

Aqua America

$37.59

0.32 (0.86%)

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MSFT

Microsoft

$85.35

-0.23 (-0.27%)

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TCF

TCF Financial

$20.24

-0.16 (-0.78%)

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CMA

Comerica

$84.81

-1.06 (-1.23%)

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CMCM

Cheetah Mobile

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UBS

UBS

$17.89

0.03 (0.17%)

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