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Fly News Breaks for March 23, 2018
NCR, NUAN
Mar 23, 2018 | 07:50 EDT
Canaccord analyst David Hynes Jr. reiterated his Buy rating and $21 price target on Nuance (NUAN) following the company's confirmed CEO succession plans. In a research note to investors, the analyst said he has not met with new CEO Mark Benjamin, the current COO of NCR (NCR), in the past, but says his resume "appears solid" and that the appointment of an outsider will bring "fresh perspective" to operations. The analyst said the appointment is a "logical" move that should appease seemingly anxious shareholders. While Nuance is "far from perfect," the analyst contends that Benjamin is taking the helm of the business "in a relatively healthy state."
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