Abstract: We present the results of a joint Swift-NuSTAR spectroscopy campaign on M31. We focus on the five brightest globular cluster X-ray sources in our fields. Two of these had previously been argued to be black hole candidates on the basis of apparent hard-state spectra at luminosities above those for which neutron stars are in hard states. We show that these two sources are likely to be Z-sources (i.e. low magnetic field neutron stars accreting near their Eddington limits), or perhaps bright atol…