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Nuance Communications (NUAN) PT Raised to $22 at Canaccord Genuity Following 2Q

May 10, 2017 11:47 AM EDT

Canaccord Genuity raised its price target on Nuance Communications (NASDAQ: NUAN) to $22.00 (from $20.00) while maintaining a Buy rating. Nuance reported 2Q non-GAAP revenues of $511M, which was up 4% y-o-y and ahead of $503M estimates. Non-GAAP EPS of $0.43 was nicely ahead of $0.38. The company... More