Descartes Systems price target raised to $110 from $107 at Stephens

Stephens analyst Justin Long raised the firm’s price target on Descartes Systems to $110 from $107 and keeps an Overweight rating on the shares. Descartes reported fiscal Q1 results that Stephens would classify as being “right down the fairway,” the analyst tells investors. The firm also would continue to highlight the business is posting strong growth in a tough freight market and remains confident in its positive stance on the stock, the analyst added.