Descartes Systems price target raised to $88 from $87 at Barclays

Barclays analyst Raimo Lenschow raised the firm’s price target on Descartes Systems to $88 from $87 and keeps an Underweight rating on the shares. Despite a challenging macro environment, Descartes posted a quarter of healthy growth, the analyst tells investors in a research note. The analyst, however, believes investors will have some lingering questions following the print, particularly within services revenue.