Gartner price target lowered to $188 from $258 at BMO Capital

BMO Capital lowered the firm’s price target on Gartner (IT) to $188 from $258 and keeps a Market Perform rating on the shares. The company delivered a margin-driven beat aided by a lower share count, though its contract value was again challenged by federal government churn and a difficult selling environment, the analyst tells investors in a research note.