Gartner initiated with a Hold at Detwiler Fenton

Detwiler Fenton initiated coverage of Gartner with a Hold rating and $507 price target. Gartner offers a strong value proposition for senior leaders across functions, with a particularly compelling brand in technology, the analyst tells investors in a research note. However, how quickly the company can revert to it‘s 12% growth target is uncertain, says the firm. It sees Gartner’s “high valuation as justified” but also some near-term uncertainty.