ThinkEquity raises its rating on Nuance Communications (NUAN +1%) to Buy from Hold and hikes its...

|About: Nuance Communications, Inc. (NUAN)|By:, SA News Editor

ThinkEquity raises its rating on Nuance Communications (NUAN +1%) to Buy from Hold and hikes its price target to $34 from $22. Shares are up 69% in six months, but the rally can continue “due to sustainable factors of a secular market opportunity in speech [recognition] technology, particularly in mobile and consumer product markets and Nuance’s unique competitive scale."