Sierra Wireless Rating Cut After Big Stock Run -Up

By | December 17, 2014

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With shares of Sierra Wireless (SWIR) up 71% year to date through Tuesday, RBC Capital Markets on Wednesday recommended investors lock in their gains in the maker of wireless communications gear. RBC analyst Paul Treiber downgraded Sierra Wireless stock to sector perform from outperform, but raised his price target to 40 from 35. Sierra was down nearly 4%, near 40, in morning trading in the stock market today. “We believe the stock is trading near Scalper1 News

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