Sierra Wireless Seen First To Market With M2M
Sierra Wireless’ (SWIR) technology prowess makes it well-positioned in the emerging machine-to-machine communications market, says Northland Capital Markets, which initiated coverage on the stock with an outperform rating. Northland analyst Michael Latimore started coverage with a 30 price target. Sierra Wireless stock was down 1% in morning trading in the stock market today, near 23.50, amid a broad sell-off. Machine-to-machine technology, part