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Fly News Breaks for June 17, 2016
ORCL
Jun 17, 2016 | 07:16 EDT
Canaccord noted Oracle posted good Q4 results and believes it is the first step in regaining investors optimism. The firm expects the cloud momentum to continue, for the multiple to expand, and the share price to follow. Canaccord added that fears about the company's revenue recognition are almost certainly overblown. Canaccord reiterated its Buy rating and $45 price target on Oracle shares.
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