Morgan Stanley Sees Mixed Factors Ahead for Nuance Communications

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In a report published Friday, Morgan Stanley analyst Jennifer Swanson Lowe reiterated an Equal-Weight rating on

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Nuance Communications

(NASDAQ: NUAN).In the report, Morgan Stanley noted, “Q2 results were solid, but the shift to subs. will weigh on H2 rev. We are encouraged by two Qs of strong bookings and intrigued by the prospect of re-accelerating revenue growth, but limited visibility into the timing of reacceleration and the risk of downward revenue pressure until then keep us on the sidelines for now.”Nuance Communications closed on Thursday at $15.53.