JP Morgan Raises EPS Estimates on Gartner

A report from J.P. Morgan raises its FY11/1213 EPS estimates to $1.43/$1.85/$2.38 on Gartner

. It also reiterates its Overweight rating and $45 price target. The report states, “We are reiterating our Overweight rating on Gartner shares following Q3,11 results. EPS of $0.31 beat J.P. Morgan's $0.28. Revenues (+12% ex currency) and EBITDA (+22%) beat our estimates. Research Contract Value rose 15% ex currency (v. +16% in Q2). Operating metrics remain steady despite some economic headwinds." IT closed yesterday at $39.03.