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Nuance Communications, Inc. Message Board

  • opalockamishabob opalockamishabob Nov 16, 2012 12:41 PM Flag

    Deutsce Bank Cuts NUAN Price Target

    These "dispatches" seldom say for what period of time these "price targets" are expected to unfold!

    Does anyone know? Is it 6 months? One year? Longer?

    "Deutsche Bank decreased their price target on shares of Nuance Communications (NASDAQ: NUAN) to $30.00 in a research note issued on Thursday.

    The analysts wrote, “NUAN reports 4Q12 earnings on Monday, November 19. In a seasonally strong quarter, we expect a beat on our estimate of $493m/$0.48 and consensus of $496.5m/$0.48. We expect FY13 revenue guidance above consensus since two significant acquisitions aren’t factored into street estimates, but EPS below consensus from the additional interest expenses related to the new $1.05bn debt. We adjust FY13-14 estimates for the increased interest expense, still awaiting official FY13 guidance next week.”

    Several other analysts have also recently commented on the stock. Analysts at Oppenheimer reiterated an “outperform” rating on shares of Nuance Communications in a research note to investors on Thursday. Analysts at Morgan Stanley initiated coverage on shares of Nuance Communications in a research note to investors on Thursday, September 13th. They set an “overweight” rating and a $31.00 price target on the stock.

    Shares of Nuance Communications traded up 0.90% during mid-day trading on Thursday, hitting $20.3406. Nuance Communications has a one year low of $19.33 and a one year high of $31.15. The company has a market cap of $6.262 billion and a P/E ratio of 76.65."

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16.65+0.11(+0.67%)May 25 4:00 PMEDT