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Technology Stocks : Nuance Communications, Inc.
NUAN 55.990.0%Mar 3 4:00 PM EST

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From: Jorgen Jensen1/16/2014 11:24:41 PM
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Nuance (NUAN) Has Numerous Near-Term Catalysts, Oppenheimer SaysJanuary 15, 2014 7:24 AM EST

Oppenheimer analyst Shaul Eyal reiterated an Outperform rating and $22 price target on Nuance Communications (Nasdaq: NUAN) saying he expects a number of near-term catalysts could impact NUAN's shares over the next 3 - 4 weeks.

Eyal highlights: "1.) GOOG's upcoming results on 1/30 could shed light on the competitive landscape and changing market dynamics. Last quarter, GOOG's 3Q commentary sparked selling in NUAN shares; this quarter we view it as already baked into the story; 2.) February 4th--NUAN's Annual Shareholder Meeting after which activist investor Icahn is no longer prohibited from soliciting proxies and showing his cards. Despite poor share performance in 2013 (-32% vs. Nasdaq's 38%) we believe 2014 could be a year in which value could be unlocked as: 1.) We envision no further EPS cuts; and 2.) activist could move aggressively."
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