Northland Securities Downgrades Sierra Wireless To Market Perform

Analysts at Northland Securities downgraded Sierra Wireless Inc. (NASDAQ: SWIR) from Outperform to Market Perform.

The price target for Sierra Wireless has been raised from $33 to $40.

Sierra Wireless shares have jumped 81.85% over the past 52 weeks, while the S&P 500 index has gained 12.39% in the same period.

Sierra Wireless' shares rose 0.76% to $47.75 in pre-market trading.