UPDATE: Wedbush Downgrades Nuance Communications on Incremental Risk Heading into FY14

In a report published Tuesday, Wedbush analyst Shyam Patil downgraded the rating on Nuance Communications (NASDAQ: NUAN ) from Outperform to Neutral, and lowered the price target from $22.00 to $15.00. In the report, Wedbush noted, “Nuance reported F4Q slightly ahead of estimates, but issued FY14 EPS guidance meaningfully below