Oracle Upgraded at BMO Capital (ORCL)
BMO Capital reported that they have upgraded software giant, Oracle Corporation(ORCL).
The firm has increased their rating for ORCL from “Market Perform” to “Outperform,” and has given the company a $43 price target. This price target suggests a 17% increase from the stock’s current price of $35.51.
Analysts have upgraded the stock due to an improved sales growth.
Oracle shares were up 30 cents, or 0.84% during premarket trading Friday. The stock has increased 25% in the past year.
The Bottom Line
Shares of Oracle Corporation(ORCL) have a 0.68% yield, based on Thursday’s closing price of $35.51.
Oracle Corporation(ORCL) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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