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Fly News Breaks for February 14, 2020
Feb 14, 2020 | 11:54 EDT
Roth Capital analyst Scott Searle maintained a Buy rating and $17 price target on Sierra Wireless (SWIR) following the company's "in-line" Q4 earnings report, which included a "muted" FY20 outlook. While the analyst is lowering his CY20 expectations due to continued headwinds, he noted that 2020 is a transition year, and he sees longer term upside due to the company's continued growth in enterprise solutions and recurring services. He kept his Buy rating on Sierra Wireless given the stock's current valuation.
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