Wells Fargo Resumes Coverage on Oracle Corp (ORCL) with an Outperform; Best Positioned Enterprise Systems Players
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Price: $35.10 --0%
Rating Summary:
18 Buy, 10 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 25 | New: 12
Rating Summary:
18 Buy, 10 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 25 | New: 12
Trade ORCL Now!
Wells Fargo resumes coverage on Oracle Corporation (Nasdaq: ORCL) with an Outperform rating. Valuation range $29-$31.
Wells analyst says, "We think Oracle is one the best plays on the data center transformation theme and can leverage the Sun acquisition to take a larger share of IT spend. We believe Oracle can gain share given its scale, proven execution, and ability to deliver purpose-built optimized systems. In our opinion, Oracle will be able to grow Sun profitability and continue expanding overall corporate margins and ultimately push the stock higher."
To see all the upgrades/downgrades on shares of ORCL, visit our Analyst Ratings page.
Shares finished at $25.38. The 52-wk trading range is $20.10 - 26.63.
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Wells analyst says, "We think Oracle is one the best plays on the data center transformation theme and can leverage the Sun acquisition to take a larger share of IT spend. We believe Oracle can gain share given its scale, proven execution, and ability to deliver purpose-built optimized systems. In our opinion, Oracle will be able to grow Sun profitability and continue expanding overall corporate margins and ultimately push the stock higher."
To see all the upgrades/downgrades on shares of ORCL, visit our Analyst Ratings page.
Shares finished at $25.38. The 52-wk trading range is $20.10 - 26.63.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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