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Fly News Breaks for March 7, 2019
DSGX
Mar 7, 2019 | 08:12 EDT
RBC Capital analyst Paul Treiber raised his price target on Descartes Systems to $41 and kept his Outperform rating. The analyst cites the company's Visual Compliance acquisition becoming "11.8% accretive" to earnings with the estimated margins on the business tracking in low-mid 50% range, calling the deal a testament to Descartes Systems' "M&A Prowess". Treiber further contends that upside to Descartes' FY20 expected guidance for EBITDA to rise in mid to high 20% is "likely".
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