Gartner price target lowered to $555 from $564 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on Gartner (IT) to $555 from $564 and keeps an Equal Weight rating on the shares. The firm’s web traffic tracker showed a meaningful step down in Q4, “supporting further reason for conservatism,” the analyst tells investors in an earnings preview note. The firm expects management to continue its conservative approach, but thinks guidance will be largely in line with expectations, the analyst added.