SW:CC - Sierra Wireless jumps 13% on PT raised to $27 by Canaccord and B. Riley with Q1 beat

Sierra Wireless (NASDAQ:SWIR +13.1%) PT was raised Canaccord analyst T. Michael Walkley to $27 from $24 and keeps a Buy rating on shares, analyst points strong Q1 beat and revenue guidance for Q2 along with better management of supply chain than peers. B. Riley analyst Josh Nichols raised PT to $27.50 from $24 and keeps a Buy rating on the shares. Company reported a 'sizable' Q1 beat as management leveraged its previous working capital investment and supplier relationships to meet robust customer demand across key end markets, Nichols tells investors in a research note. Analyst says the shares are "highly attractive" at current levels Contributor Buy rating on the stock with analysis: 'Turnaround At Sierra Wireless'

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Sierra Wireless jumps 13% on PT raised to $27 by Canaccord and B. Riley with Q1 beat