Gartner price target raised to $445 from $385 at Jefferies

Jefferies raised the firm’s price target on Gartner to $445 from $385 and keeps a Hold rating on the shares. Tech vendor spending appeared to stabilize last quarter, though the firm does not anticipate the trend of improvement to continue at the same pace, which leads it to believe near-term investor expectations may be elevated, the analyst tells investors in an earnings preview note.