BMO Capital Maintains Market Perform on Oracle, Lowers Price Target to $130
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Keith Bachman maintains a 'Market Perform' rating on Oracle (NYSE:ORCL) and lowers the price target from $132 to $130.
September 25, 2023 | 1:45 pm
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NEUTRAL IMPACT
Oracle's price target has been lowered from $132 to $130 by BMO Capital, which maintains a 'Market Perform' rating on the stock.
The lowering of Oracle's price target by BMO Capital could potentially create a negative sentiment among investors. However, the 'Market Perform' rating suggests that the stock is expected to perform in line with the market, which could offset any negative impact. Therefore, the short-term impact on Oracle's stock price is neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100