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Fly News Breaks for December 5, 2019
DSGX
Dec 5, 2019 | 07:43 EDT
Canaccord analyst David Hynes raised his price target on Descartes Systems to $48 from $44 following solid Q3 results. The analyst noted the earnings power behind its recently acquired Visual compliance which drove the company's third consecutive quarter of +30% EBITDA. He believes Descartes is a value stock that investors should trade around as he believes it will continue its quiet grind higher. Hynes reiterated his Buy rating on Descartes Systems shares.
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