Canaccord Genuity Maintains a 'Buy' on Nuance Communications (NUAN); Still A Favorite GARP Stock
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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 maintains a 'Buy' on Nuance Communications (NASDAQ: NUAN) price target of $26.00.
Canaccord analyst, Richard Davis, said, "Nuance remains one of our favorite GARP stocks. We assume that investors eventually will care about company franchises, management’s execution, and a stock’s valuation rather than what we believe are breathtakingly tertiary macro concerns such as the latest loan loss provisions for Greek debt of French banks. Until that time arrives, we will continue to highlight well positioned firms whose stocks we feel are at least relatively undervalued. That is the purpose of this note – Nuance fits squarely into that description."
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 $18.21 yesterday.
Canaccord analyst, Richard Davis, said, "Nuance remains one of our favorite GARP stocks. We assume that investors eventually will care about company franchises, management’s execution, and a stock’s valuation rather than what we believe are breathtakingly tertiary macro concerns such as the latest loan loss provisions for Greek debt of French banks. Until that time arrives, we will continue to highlight well positioned firms whose stocks we feel are at least relatively undervalued. That is the purpose of this note – Nuance fits squarely into that description."
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 $18.21 yesterday.
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