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Fly News Breaks for March 12, 2018
ORCL
Mar 12, 2018 | 04:50 EDT
Barclays analyst Raimo Lenschow raised his price target for Oracle to $60 saying he expects the company to deliver a "solid" Q3 based on the overall healthy IT spending environment. He sees a favorable setup for shares and views the valuation as "undemanding" at current share levels. The analyst keeps an Overweight rating on the shares.