Fly News Breaks for January 13, 2020
Jan 13, 2020 | 07:07 EDT
As previously reported, Morgan Stanley analyst Sanjit Singh upgraded Nuance to Overweight from Equal Weight with a price target of $23, up from $15. Over the past 18 months, Nuance has sold its Imaging business, spun off of its Automotive unit and wound down non-core segments, leaving it as a leaner, more focused organization that has more resources to invest in its most attractive opportunities, namely in Healthcare and the Enterprise Contact Center, Singh tells investors. He sees annualized revenue growth accelerating to 5% in FY20-FY23 and forecasts 11% earnings growth through FY23, Singh added.
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