BUZZ-Sierra Wireless Inc: Best day in one-and-half-years
** Canadian wireless equipment maker's U.S.-listed shares up 21.8 pct at $17.78; Toronto-listed stock up 22.4 pct at C$23.04
** U.S.-listed stock rises as much as 23.4 pct, its best intraday pct gain in one-and-half-years
** Ladenburg Thalmann & Co raises PT to $16 from $15, BMO Capital Markets to $16.50 from $13.00, Jefferies & Co to $14.75 from $12.00 after company posts higher-than-expected profit on improved margins, lower costs
** Q1 adj. EPS 3 cents vs analysts' average estimate of 1 cent
** Company sees Q2 revenue in range $150mln-$160 mln and adj. EPS in range 9-17 cents per share; also confirms FY 2016 forecast reported in Feb.
** "The fact that management is reaffirming this guidance, four months in, provides some incremental comfort with respect to the probability that it will achieve it," BMO analyst Thanos Moschopoulos writes
** More than 814,000 shares traded, 3x 25-day moving avg volume
** Of 10 brokerages covering the stock, 2 rate it "strong buy" and 8 "hold"; median PT $14.38
** Up to Thursday's close, stock had fallen nearly 60 pct in past 12 months
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