Sierra Wireless (SWIR) earned an upgrade from Raymond James & Associates on Monday, sending its shares higher. Raymond James analyst Steven Li raised his rating on the wireless networking company to market perform from underperform. He maintained a price target of 37, though, a price the stock has been above most of the past three months. Sierra Wireless was up 4.5% in afternoon trading in the stock market today, near 38. Li says the stock is
Sierra Wireless (SWIR) got a target price hike on Tuesday following its announcement a day earlier that it will pay $90 million for Swedish machine-to-machine connectivity and data-management service firm Wireless Maingate. “We believe the acquisition is consistent with Sierra management’s strategy to leverage its strong balance sheet and bolster its higher-margin Enterprise Solutions business with margin-accretive recurring revenue business
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