Piper Jaffray is out with its report today on Gartner IT, maintaining Overweight.
In a note to clients, Piper Jaffray writes, "As anticipated, Gartner's investor day was an upbeat affair, reinforcing our confidence in the company's ability to drive 20%+ earnings growth in 2011 and beyond. In the context of the short-term overhang created by ValueAct's planned sale of 8M shares (to be priced after the close on 2/17), we'd find the mid-30s a particularly compelling level to establish or expand positions. No change to our estimates or $42 price target."
At the time of posting, shares of IT were trading at $36.33, down 2.47% from Wednesday's close.
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date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
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Posted In: Analyst ColorPrice TargetAnalyst RatingsGartnerInformation TechnologyIT Consulting & Other ServicesPiper Jaffray
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