UBS Maintains a 'Buy' on Nuance Communications (NUAN); Q3 Spoke Loudly, But Will Investors Listen?

UBS maintains a 'Buy' on Nuance Communications (NASDAQ: NUAN), price target lowered from $26 to $24.

UBS analyst says, "FQ3 finally broke the 5-qtr-long make/miss pattern by delivering consecutive beats, and organic growth accelerated in Healthcare and Mobile segments. FQ4 rev guidance range was raised $25-28M (~$20M from M&A, $5-8M organic). The company remains hopeful that FY11 investments will accelerate growth in FY12. The pace of new product launch has certainly been impressive this year – across all segments but especially in Mobile, where the iPhone 5 (Nasdaq: AAPL) could provide another catalyst over the next few months."

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 $16.75 yesterday.

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