Gartner upgraded to Buy from Neutral at UBS

UBS upgraded Gartner to Buy from Neutral with a price target of $550, up from $484. The analyst believes the company’s contract value growth is likely to trough in Q1, re-accelerate in Q2, and exit the year growing double-digits. Re-accelerating contract growth and margin upside are catalysts for the shares, the analyst tells investors in a research note. The firm sees 15%-20% stock upside over the next year.