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Gartner price target lowered to $160 from $175 at RBC Capital

RBC Capital lowered the firm’s price target on Gartner (IT) to $160 from $175 and keeps a Sector Perform rating on the shares after its Q1 results. The company’s contract value growth slowed to 3.5% ex-Fed, primarily due to deal delays in March related to Iran war, the analyst tells investors in a research note.

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