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Why Sierra Wireless, Inc. Stock Popped Today

TheMotleyFool

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Why Sierra Wireless, Inc. Stock Popped Today

Shares of Sierra Wireless Inc. (NASDAQ: SWIR) were up 11.2% as of 3 p.m. EST Monday, after the Internet of Things pure play received an upgrade from Raymond James analyst Steven Li.

More specifically, Li increased his rating on Sierra Wireless stock to "outperform" from "market perform," assigning a price target of $30 per share -- a nearly 30% premium to its current trading price.

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Source: Fool.com