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Drexel Hamilton Reiterates Buy on Oracle (ORCL) Following 1Q

September 15, 2017 9:27 AM EDT

Drexel Hamilton reiterated a Buy rating and $62.00 price target on Oracle (NYSE: ORCL) following the company's 1Q earnings release. Oracle reported non-GAAP sales of $9.21 billion, which beat the consensus of $9.03 billion. Pro forma EPS of $0.62 surpassed consensus of $0.60.

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