Barclays downgrades Gartner to Underweight, flags AI risks for information services
FROM THE WIRE · FINANCE.YAHOO.COM
Investing.com -- Barclays downgraded Gartner (NYSE: IT) to Underweight while raising its price target to $185 from $150 in a note on Friday, as the bank remains cautious on information services companies whose business models could be disrupted by AI. Still guessing which stocks…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe downgrade highlights the risk that AI disrupts information services firms such as Gartner, FactSet and Thomson Reuters.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Barclays downgraded Gartner to Underweight and raised its target to $185 from $150.
- 02The analyst cites long-term structural concerns for Gartner, Thomson Reuters and FactSet.
- 03Gartner fell 13.2% and Thomson Reuters 9.9% after this week's earnings reactions.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Gartner, Inc.187.76 USD+0.03%today -5.21%Negative FactSet Research Systems Inc.327.18 USD-0.13%today -3.90%Negative Thomson Reuters Corporation113.88 USD-0.29%today -3.58%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets