Morgan Stanley Maintains Equal-Weight on Nuance Communications, PT NA

In a report published Wednesday, Morgan Stanley analyst Jennifer Swanson Lowe maintained Equal-weight on Nuance Communications, Inc.

, with a NA price target as signs of stabilization are seen. According to the report, analysts see stabilization as a step in the right direction and the addition of Bill Robbins as EVP sales may help execution, but the lack of top-line growth keeps them EW the stock. “Nuance reported preliminary Q114 results after the close, with total revenue now expected to be $487- 491M vs. prior guide of $477-487M and us/cons. at $481/482M, and EPS now expected to be $0.23-0.24 vs. prior guidance of $0.18-0.21 and us/cons. at $0.19/0.20,” the report noted. “The upside in the quarter is encouraging, but the midpoint of the preannounced range still suggests midpoint. NUAN did not provide revenue by reporting segment, and will provide additional color on the source(s) of upside on the company's Q114 earnings call scheduled for February 10th.” NUAN closed Tuesday at $14.89.