Rothschild & Co Redburn upgraded Descartes Systems (DSGX) to Buy from Neutral with a price target of $90, down from $100. The company’s Global Logistics Network offers “strength and defensibility amid the rise of AI, the analyst tells investors in a research note. The firm says that with data from hundreds of thousands of different parties, the segment has a “significant barrier for any AI competitors.” Descartes is taking market share given the growing global trade complexities and has positive sales momentum, contends Rothschild.
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