Gartner price target lowered to $345 from $400 at Wells Fargo

Wells Fargo lowered the firm’s price target on Gartner (IT) to $345 from $400 and keeps an Underweight rating on the shares. The firm sees risk skewed to the downside ahead of Gartner’s Q2 earnings. Wells expects CV to miss Street estimates on federal government headwinds, though management should reiterate full year revenue guidance with a boost from FX.