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Fly News Breaks for March 22, 2018
NUAN
Mar 22, 2018 | 13:30 EDT
Morgan Stanley analyst Sanjit Singh noted that Nuance appointed Mark Benjamin, COO of NCR and former ADP president, at its new CEO. Singh believes Benjamin's outside perspective and experience scaling a cloud services organization are "key positives" for Nuance, and added that with the CEO overhang now in the rear view, the company focus can "return to improving fundamentals." Singh maintained an Overweight rating and $20 price target on Nuance shares.
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