Jefferies Maintains a 'Hold' on Oracle (ORCL); Takeaway From Road Meeting

Jefferies maintains a 'Hold' on Oracle (NASDAQ: ORCL) price target of $32.00.

Analyst, Ross MacMillan, said, "We recently spent some time on the road hosting meetings between ORCL Investor Relations and investors. The message remains confident, especially around engineered systems and fusion applications. ORCL’s stock has recovered some multiple and comps get easier as we move into the November Q, but we remain a Hold on the stock given some of the challenges we see to medium-term growth."

For an analyst ratings summary and ratings history on Oracle click here. For more ratings news on Oracle click here.

Shares of Oracle closed at $30.77 yesterday.

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