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Fly News Breaks for March 27, 2018
SWIR
Mar 27, 2018 | 04:53 EDT
Roth Capital analyst Scott Searle upgraded Sierra Wireless to Buy and raised his price target for the shares to $22 from $18. The analyst sees improving dynamics for Internet of Things solutions and "de-risked impact" from the Numerex acquisition. With the stock down over 20% in 2018, Sierra Wireless shares are adequately discounting the acquisition and recent results, Searle tells investors in a research note.
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