Descartes Systems price target lowered to $100 from $110 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on Descartes Systems (DSGX) to $100 from $110 and keeps an Equal Weight rating on the shares. The primary investor debate on Descartes has been around if organic growth can recover from its continued deceleration over the past 18 months, notes the analyst, who trimmed the firm’s price target given worsening shipment volume data and peer multiples having come down recently.