Sierra Wireless, Inc. (SWIR) Upgraded To An Outperform Rating
By Benzinga Staff
February 09, 2010 1:43 PM
February 09, 2010 1:43 PM
Symbols: SWIR
Analysts Mike Abramsky and Paul Treiber at RBC Capital Markets have upgraded Sierra Wireless, Inc. (NASDAQ: SWIR) from a Sector Perform to an Outperform rating. Analysts have raised the price target for Sierra Wireless, Inc. from $10 to $16.
According to analysts, competitive risks faced by the company have been lowered. Analysts believe that the earnings growth at the company is improving.
According to analysts, Sierra Wireless, Inc.’s valuation is still below its peers. Analysts expect further upside on pending catalysts.
Analysts expect production cost synergies and economies of scale to drive margins above expectations in FY10. Analysts have raised the FY10 EPS estimate from $0.67 to $0.86.
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