Raymond James Downgrades Sierra Wireless To Underperform

Analysts at Raymond James downgraded Sierra Wireless Inc. SWIR from Market Perform to Underperform. The price target for Sierra Wireless has been raised from $26 to $37. Sierra Wireless shares have surged 79.73% over the past 52 weeks, while the S&P 500 index has gained 8.99% in the same period. Sierra Wireless' shares slipped 4.70% to close at $44.77 yesterday.