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Nuance could receive new demands from Icahn, says Oppenheimer

Oppenheimer predicts that Carl Icahn, who has a 10% passive stake in Nuance, may demand that the company take steps to unlock more value during its shareholder meeting in January. The firm thinks the company is likely to take a sum of the parts approach, and Oppenheimer estimates that the company's shares are worth $31 under that scenario. The firm keeps an Outperform rating on the stock.