The Globe and Mail reports in its Tuesday, April 2, edition that Canaccord Genuity analyst Robert Young has reaffirmed his "buy" recommendation for Descartes Systems Group. The Globe's David Leeder writes in the Eye On Equities column that Mr. Young bumped his share target to $100 from $96 (all figures U.S.). Analysts on average target the shares at $97.51. Mr. Young says in a note: "After market on Friday, Descartes announced the acquisition of OCR Services for $90-million using cash on hand. OCR Systems is a global trade compliance software tool and data asset in a similar thread as MK Data, Datamyne and Visual Compliance. In our view, these deals have been some of the firm's most successful given they 1) sit at the intersection of three big trends -- growing global security demands, data driven decision-making, and the upgrade to cloud in supply chain and logistics, and 2) they bring recurring revenue streams with incremental EBITDA margins at the high end of the Descartes offering. While there are multiple headwinds to volumes, the complexity of logistics and the need to assess alternative trade routes or mechanisms drives subscription and license which accounts for approximately 65 per cent of revenue."