RBC Capital lowered the firm’s price target on Descartes Systems (DSGX) to $126 from $130 but keeps an Outperform rating on the shares. The company’s Q1 results were mixed, with revenue and organic growth below consensus, and for Q2, Descartes disclosed that global trade volumes materially slowed in May, the analyst tells investors in a research note. RBC adds however that Descartes’ M&A model is counter-cyclical and capital deployed may increase in this environment.
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Read More on DSGX:
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