The Globe and Mail reports in its Thursday, Dec. 5, edition that TD Cowen analyst Daniel Chan has reaffirmed his "buy" ranking for Descartes Systems Group. The Globe's David Leeder writes in the Eye On Equities column that Mr. Chan's share target soared $20 to $135 (all figures U.S.). Analysts on average target the shares at $120.12. Mr. Chan says in a note: "As expected, another consistent quarter. Strong one-time licence revenue drove a slight top line beat. We remain favourable on the name given what we believe could be a positive setup for accelerating services organic growth from recent hardware upgrades, global trade uncertainty and cross-selling. Combined with a favourable M&A environment, we believe Descartes's momentum can continue." The Globe's guest columnist Gordon Pape recommended buying Descartes on July 17. The shares could then be had for $100.19. The Globe reported on Sept. 27 that National Bank Financial analyst John Shao rated Descartes Systems Group "outperform" in new coverage, with a $125 share target. The shares could then be had for $102.18.