Pacific Crest Upgrades Silver Spring Networks (SSNI) to Overweight

Pacific Crest upgraded Silver Spring Networks (NYSE: SSNI) from Sector Weight to Overweight with a price target of $16.

Analyst Brent Bracelin said, "After two challenging years affected by delays and winding down of large projects, Silver Spring Networks is poised to enter 2016 with strong order momentum, which could ignite the next multiyear growth cycle. New software and networking technology makes SSNI a key enabler fueling the digital transformation of the trillion-dollar power industry."

For an analyst ratings summary and ratings history on Silver Spring Networks click here. For more ratings news on Silver Spring Networks click here.

Shares of Silver Spring Networks closed at $11.27 yesterday.

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