BMO Capital lowered the firm’s price target on Descartes Systems (DSGX) to $95 from $113 and keeps a Market Perform rating on the shares. The firm believes that the company can continue to deliver on its 10%-15% annual EBITDA growth target and does not view Descartes as being at risk of AI disruption, but on a relative basis, BMO prefers other consolidators in its coverage universe, the analyst tells investors in a research note. The firm’s price target cut also recent multiple compression across peers, BMO added.
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