Descartes Systems price target lowered to $108 from $118 at Barclays

Barclays lowered the firm’s price target on Descartes Systems (DSGX) to $108 from $118 and keeps an Equal Weight rating on the shares. The firm expects the shares to come under pressure in the near term. Heightened macro uncertainty driving an organic growth slowdown “is likely to raise eyebrows, particularly with a lack of clarity expected in the coming months,” the analyst tells investors in a research note. The firm believes Descartes is “controlling what they can, though this alone may not be enough.”