The Globe and Mail reports in its Friday, Nov. 29, edition that RBC Dominion Securities analyst Paul Treiber has reaffirmed his "outperform" recommendation for Descartes Systems Group. The Globe's David Leeder writes in the Eye On Equities column that Mr. Treiber's share target soared $18 to $133 (all figures U.S.). Analysts on average target the shares at $115.21. Mr. Treiber says in a note: "Descartes announced two acquisitions in Q3: 1) Sellercloud ($110-million) on Oc. 14; and 2) MyCarrierPortal ($24-million) on Sept. 18. We estimate Sellercloud generates annual revenue of $20-million, which implies takeout at 5.5 times EV/S [enterprise value to sales], above Descartes's average takeout multiple over the last 10 years (4.2 times). We believe Sellercloud is profitable. ... For MyCarrierPortal, we estimate takeout at four times EV/S (i.e. $6-million revenue), in line with Descartes's historical multiple on acquisitions. It is our understanding that MyCarrierPortal is profitable (likely EBITDA margins in the 25-per-cent range). We expect profitability at these businesses to expand post-acquisition on continued revenue growth, cross-selling and cost synergies to achieve Descartes's target IRR range of 15 to 20 per cent."