Sierra Wireless Reaches Analyst Target Price
February 13, 2017 at 09:17 AM EST
In recent trading, shares of Sierra Wireless Inc (SWIR) have crossed above the average analyst 12-month target price of $19.60, changing hands for $24.45/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..