Boenning & Scattergood Announces Investment Opinion on Forrester Research Inc. and Gartner, Inc.WEST CONSHOHOCKEN, Pa. -- Boenning & Scattergood initiated coverage of Forrester Research, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :FORR FORR Friends of the Russian River FORR Freedom of the Road Riders (Motorcyclists) FORR Flight Operations Readiness Review ) and Gartner, Inc. (NYSE NYSE See: New York Stock Exchange :IT) today with a Market Outperform market outperform An analyst recommendation that a stock is expected to outperform the overall market. rating for both companies and 12-month price targets of $33 and $26, respectively. Forrester is a leading provider of IT and marketing strategy research. Gartner is the world's leading IT research and advisory company. Our investment thesis includes the following factors: * Forrester continues to enhance its growth and profitability by launching role-specific research and related services, expanding its sales force, and further aligning its research focus. These steps should support a strong EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. and FCF FCF Free Cash Flow FCF Free Congress Foundation (conservative activist group) FCF Feline Conservation Federation FCF Frontiersmen Camping Fellowship FCF Functional Check Flight FCF Fluids and Combustion Facility outlook. * Gartner is improving its growth and margins by increasing sales productivity, accelerating their syndicated research products, and improving consultant utilization. Despite its commanding 40% market share of the global market for IT research and conferences, its addressable market for research alone could exceed $20 billion. About Boenning & Scattergood: Founded in 1914, Boenning & Scattergood, Inc. is the oldest independently owned investment securities firm in the Philadelphia region. The firm offers a full compliment of investment services to institutional, retail and corporate clients, including research, sales, trading, investment banking and public finance. For more information, please visit www.boenninginc.com. This release is neither an offer to sell nor a solicitation to buy any securities mentioned herein. Please refer to the full report, which is available upon request, for additional details and disclosures. |
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