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Fly News Breaks for February 14, 2019
Feb 14, 2019 | 08:30 EDT
Canaccord analyst T, Michael Walkley lowered his price target on Sierra Wireless to $20 from $32 following its Q4 results. The analyst said management is investing in its business transformation so expenses will increase, making 2019 a transitional year. The investments, combined with a weak OEM solutions outlook, results in the analyst lowering his estimates and price target, though Walkley maintained his Buy rating on Sierra Wireless shares.
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