Canaccord Genuity Reiterates a 'Buy' on Nuance Communications (NUAN); Just What the Doctor Ordered: A No-Drama Quarter
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Price: $55.99 --0%
Rating Summary:
8 Buy, 9 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
8 Buy, 9 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Canaccord Genuity reiterates a 'Buy' on Nuance Communications (NASDAQ: NUAN), PT $26.
Canaccord analyst says, "We believe NUAN’s modest upside quarter will mark at least an intermediate-term low in NUAN’s P/E. If so, there is every reason to expect the stock to appreciate into the high $20s before calendar year end. Meanwhile, in the choppy tape that we foresee over the summer, we expect NUAN to outperform most of the high speed, high valuation stocks as well as the market as a whole...Our F2011 estimates inch up by $10M and a penny to $1.35B and $1.33."
For more ratings news on Nuance Communications click here and for the rating history of Nuance Communications click here.
Shares of Nuance Communications closed at $21.62 yesterday.
Canaccord analyst says, "We believe NUAN’s modest upside quarter will mark at least an intermediate-term low in NUAN’s P/E. If so, there is every reason to expect the stock to appreciate into the high $20s before calendar year end. Meanwhile, in the choppy tape that we foresee over the summer, we expect NUAN to outperform most of the high speed, high valuation stocks as well as the market as a whole...Our F2011 estimates inch up by $10M and a penny to $1.35B and $1.33."
For more ratings news on Nuance Communications click here and for the rating history of Nuance Communications click here.
Shares of Nuance Communications closed at $21.62 yesterday.
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