Descartes Systems price target lowered to $89 from $90 at Barclays

Barclays lowered the firm’s price target on Descartes Systems (DSGX) to $89 from $90 and keeps an Overweight rating on the shares following the Q4 report. The firm sees the results helping renew interest in the Descartes story. The company’s organic growth accelerated again and its profitability remains strong, the analyst tells investors in a research note.