Gartner price target lowered to $500 from $525 at UBS

UBS lowered the firm’s price target on Gartner (IT) to $500 from $525 and keeps a Buy rating on the shares. Outright federal cancellations appear to have slowed in May and June, lending some support that DOGE momentum could be fading somewhat, while outside of federal, confidence indicators have softened, suggesting the selling environment could have worsened, the analyst tells investors in a research note.