Deutsche Bank Maintains Buy on Nuance Communications

Deutsche Bank is out with its report today on Nuance Communications (NASDAQ: NUAN), maintaining Buy.

In a note to clients, Deutsche Bank writes, "NUAN is the clear market leader in speech recognition technology and has effectively applied it in three key verticals: mobile, healthcare and enterprise. With a growing share of subscription revenues, we see a more visible cash flow stream buffeted by scale and a diversifying revenue stream. We rate the stock a Buy with a $26 PT."

At the time of posting, shares of NUAN were trading at $20.74, up 0.17% from Friday's close.