RBC Capital raised the firm’s price target on Descartes Systems (DSGX) to $133 from $115 and keeps an Outperform rating on the shares. Ahead of Q3 results, the firm is raising estimates to reflect the acquisitions of Sellercloud and MyCarrierPortal. Descartes is seeing a strong pace of acquisitions, which combined with healthy organic growth, is driving solid shareholder value, says the firm, which sees Q3 results and Q4 baseline slightly ahead of consensus.
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