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Tariffs May Provide a Short Term Bump for Descartes (DSGX) - RBC

November 26, 2018 7:28 AM EST
Get Alerts DSGX Hot Sheet
Price: $66.46 -1.29%

Rating Summary:
    11 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 12 | New: 24
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RBC Capital analyst Paul Treiber reiterated an Outperform rating and $38 price target on Descartes (NASDAQ: DSGX) saying tariffs may provide a short-term bump.

"We believe tariffs may be a near-term tailwind for Descartes, as freight volumes rise due to shippers pulling forward delivery ahead of higher tariffs scheduled for January 1," the analyst said.

For an analyst ratings summary and ratings history on Descartes click here. For more ratings news on Descartes click here.

Shares of Descartes closed at $27.78 yesterday.



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