Market Overview

UPDATE: Deutsche Bank Cuts PT to $30 on Nuance Communications; Adjusting for Higher Expenses

Related NUAN
Foot Locker, Mosaic, Nuance And TLT: Fast Money Picks For February 28
Is Carl Icahn Losing His Midas Touch?

Deutsche Bank reiterated its Buy rating on Nuance Communications (NASDAQ: NUAN) but reduced its price target from $31 to $30.

Deutsche Bank commented, "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."

Nuance Communications closed at $20.16 on Wednesday.

Latest Ratings for NUAN

Jan 2017BarclaysUpgradesEqual-WeightOverweight
Nov 2016Raymond JamesUpgradesOutperformStrong Buy
Aug 2016Deutsche BankMaintainsBuy

View More Analyst Ratings for NUAN
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Intraday Update Analyst Ratings


Related Articles (NUAN)

View Comments and Join the Discussion!