Oracle Investors Need Patience To ‘Defrost Sentiment’

By | January 20, 2016

Scalper1 News

Two weeks after upgrading Oracle (ORCL) to a buy rating with a 44 price target, despite investors’ “terrible” sentiment toward the software giant’s slow growth, investment banker Evercore ISI is encouraging investors to be patient. “Defrosting sentiment takes time,” wrote Evercore ISI analyst Kirk Materne in a research note issued Tuesday night after the market close. Indeed, Oracle stock was down nearly 4% to 33.25 in afternoon trading in the stock Scalper1 News

Scalper1 News