The Globe and Mail reports in its Wednesday, April 17, edition that CIBC World Markets analyst Stephanie Price has elevated her recommendation for Descartes Systems Group to "outperformer" from "neutral." The Globe's David Leeder writes in the Eye On Equities column that Ms. Price boosted her share target by $4.50 to $101 (all figures U.S.). Analysts on average target the shares at $99.24. Ms. Price says in a note: "Roughly 40 per cent of Descartes's revenue is transaction-based and, with global trade indicators starting to look more healthy, we view Descartes as a low-risk beneficiary of the freight recovery. Descartes's base business has high-single-digit organic growth and solid margins, and we see potential for the freight recovery to move organic growth into the low teens. Descartes is attractively valued at these levels, in our view, trading at 23 times FY2 EBITDA vs. a five-year average of 26 times and we see upside from larger M&A." The Globe reported on June 28 that Ms. Price had downgraded Descartes Systems Group to "neutral" from "outperformer." The shares could then be had for $77.87.