Morgan Stanley Maintains Equal-Weight on Oracle, Lowers Price Target to $106
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Keith Weiss has maintained an Equal-Weight rating on Oracle (NYSE:ORCL) but has reduced the price target from $107 to $106.

December 12, 2023 | 6:31 pm
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NEUTRAL IMPACT
Morgan Stanley analyst Keith Weiss maintains an Equal-Weight rating on Oracle but lowers the price target from $107 to $106.
The adjustment in price target by Morgan Stanley is minor, suggesting a neutral outlook without significant change in the company's valuation or prospects. The Equal-Weight rating indicates that the analyst does not see Oracle as underperforming or outperforming the broader market or sector in the short term. Therefore, the impact on the stock price is likely to be limited unless accompanied by more substantial news or changes in the company's performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100