UPDATE: Wells Fargo Upgrades Cerence Inc. (CRNC) to Overweight

Wells Fargo analyst Colin M. Langan upgraded Cerence Inc. (NASDAQ: CRNC) from Equal Weight to Overweight with a price target of $85.00.

The analyst comments "Market leadership in the fast growing Experience Management space should drive durable growth in a quality asset trading
below peers at 0.39x EV/S/Growth. 30% pullback over the last 3 months gives an attractive entry point, while expansion into new data types works against the bear case. Upgrade to OW."

For an analyst ratings summary and ratings history on Cerence Inc. click here. For more ratings news on Cerence Inc. click here.

Shares of Cerence Inc. closed at $69.20 yesterday.

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