Bank of America Merrill Lynch Reiterates "Buy" Rating on Oracle (ORCL)

Bank of America Merrill Lynch Reiterates “Buy” Rating on Oracle (ORCL)

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Analysts at Bank of America Merrill Lynch reiterated their bullish rating on software giant Oracle Corporation (ORCL) on Wednesday.

The analysts maintain a “Buy” rating on ORCL and see shares reaching $38. This target suggests a 21% upside to Tuesday’s closing price of $31.53.

Oracle shares were up 22 cents, or +0.69%, during morning trading on Wednesday. The stock is up +8.01% over the past year.

The Bottom Line
Shares of Oracle (ORCL) have a dividend yield of 0.76% based on Wednesday’s intraday trading price of $31.75 and the company’s annualized dividend payout of 24 cents per share.

Oracle Corporation (ORCL) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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