BMO Capital Maintains Market Perform on Oracle, Lowers Price Target to $126
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Keith Bachman has maintained a 'Market Perform' rating on Oracle (NYSE:ORCL) but has reduced the price target from $130 to $126.

December 12, 2023 | 1:02 pm
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NEGATIVE IMPACT
Oracle's price target has been lowered from $130 to $126 by BMO Capital, although the 'Market Perform' rating is maintained.
A reduction in price target by an analyst can often lead to a negative perception among investors, potentially causing a short-term dip in the stock price. However, since the rating remains 'Market Perform', the impact may be somewhat muted, reflecting a neutral outlook on the stock's future performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100