Gartner price target lowered to $254 from $272 at BMO Capital

BMO Capital analyst Jeffrey Silber lowered the firm’s price target on Gartner (IT) to $254 from $272 and keeps a Market Perform rating on the shares. The company delivered a margin-driven beat despite slowing CV growth from continued federal government pressure and tariff-impacted industries, the analyst tells investors in a research note. The selling environment remains tough, but some of the challenged CV seems to be improving, with most due Federal Government CV transacted and gaining more clarity within tariff-impacted industries, the firm added.