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Fly News Breaks for July 13, 2016
ORCL, N
Jul 13, 2016 | 07:53 EDT
Cowen noted NetSuite (N) shares rallied on reports of buyout rumors regarding Oracle (ORCL). The firm sees little merit to the buyout argument, citing major product overlap, regulatory and legal risks, and little margin leverage that would be gained by Oracle in acquiring NetSuite. Cowen maintained its Underperform rating and $70 price target on NetSuite shares.
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