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Gartner downgraded to Neutral from Buy at Goldman Sachs

Goldman Sachs downgraded Gartner (IT) to Neutral from Buy with a price target of $171, down from $220. The firm believes the company’s core research business faces “structurally higher” AI risk than its data, benchmark or regulation focused peers. This limits confidence in a sustained multiple re-rating of the shares, the analyst tells investors in a research note.

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