03:17 PM EST, 03/06/2025 (MT Newswires) -- BMO is maintaining a Market Perform rating on Descartes Group. modestly trimming its estimates following the company's fourth-quarter results.

"We believe that [Descartes] can continue to deliver on its target of 10-15% annual EBITDA growth; however, tariff uncertainty might weigh on shipping volumes and organic growth in the near-term, in our view, which may in turn constrain the stock's multiple," writes analyst Thanos Moschopoulos.

Target price trimmed to US$113.

Price: 142.14, Change: -16.87, Percent Change: -10.61