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Fly News Breaks for June 8, 2015
SWIR
Jun 8, 2015 | 07:46 EDT
Canaccord lowered its price target on Sierra Wireless to $44 from $50. The firm believes the company is well positioned to benefit from strong long-term IoT industry growth trends in its OEM solutions business. Canaccord lowered its estimates slightly to reflect increased investments in its sales force, but maintained its Buy rating on Sierra Wireless shares.
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