Sierra Wireless upgraded to Outperform from Sector Perform at RBC Capital RBC Capital upgraded Sierra Wireless following the planed sale of its AirCard unit. The firm believes shares will re-rate towards its M2M peers and views M2M as a compelling growth opportunity. Price target raised to $13 from $9.
Sierra Wireless downgraded at RBC Capital As noted earlier, RBC Capital downgraded Sierra Wireless to Sector Perform from Outperform. The firm downgraded the stock based on valuation. Target to $40 from $35.