Descartes Systems price target lowered to $137 from $145 at Stephens

Stephens lowered the firm’s price target on Descartes Systems (DSGX) to $137 from $145 and keeps an Overweight rating on the shares. The firm views Descartes as positioned to benefit from global trade turmoil, but thinks that “the timing of that ‘benefit’ does not necessarily always coincide with the worst of the challenges,” the analyst tells investors. This year could offer up “a challenging run,” particularly in the early stages, but Stephens believes that near-term challenging market conditions “likely serve up” added tailwinds in the years ahead, the analyst added.