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

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."
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