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Fly News Breaks for November 30, 2017
Nov 30, 2017 | 08:00 EDT
Canaccord analyst David Hynes noted Descartes Systems reported another set of solid results and believes the company remains well positioned to execute. The analyst acknowledged its valuation is approaching the high end of a range that he can rationally argue that investors should buy the stock. He raised his price target to $34 from $30 on the stock, which is about as high as he can justify unless the numbers move materially higher. Hynes reiterated his Buy rating on Descartes Systems shares.
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