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Technology Stocks : Nuance Communications, Inc.
NUAN 54.840.0%Aug 11 5:00 PM EST

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From: Jorgen Jensen9/14/2011 10:18:26 PM
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September 14, 2011 8:55 AM EDT

Canaccord Genuity maintains a 'Buy' on Nuance Communications (NASDAQ: NUAN) price target of $26.00.

Canaccord analyst, Richard Davis, said, "Nuance remains one of our favorite GARP stocks. We assume that investors eventually will care about company franchises, management’s execution, and a stock’s valuation rather than what we believe are breathtakingly tertiary macro concerns such as the latest loan loss provisions for Greek debt of French banks. Until that time arrives, we will continue to highlight well positioned firms whose stocks we feel are at least relatively undervalued. That is the purpose of this note – Nuance fits squarely into that description."
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