BMO Capital lowered the firm’s price target on Oracle (ORCL) to $200 from $205 and keeps an Outperform rating on the shares. The firm’s takeaway from the company’s Q3 results was “modestly more impressive”, driven by its improved execution versus guidance, strong Q4 outlook, and net positive commentary around database traction, gross margins, capex, and financing, the analyst tells investors in a research note.
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