Barclays Maintains Underweight on Descartes Systems Gr, Raises Price Target to $65
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Raimo Lenschow maintains an Underweight rating on Descartes Systems Gr (NASDAQ:DSGX) and raises the price target from $62 to $65.
June 01, 2023 | 11:31 am
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Barclays maintains an Underweight rating on Descartes Systems Gr (NASDAQ:DSGX) and raises the price target from $62 to $65.
The news directly mentions Descartes Systems Gr (NASDAQ:DSGX) and the price target increase by Barclays. However, the Underweight rating remains unchanged, indicating that the analyst still expects the stock to underperform. This may have a neutral short-term impact on the stock price, as the price target increase is offset by the maintained Underweight rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100