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It’s not always true that what goes down must come up, so Evercore ISI didn’t use that as a rationale in upgrading software giant Oracle (ORCL) to a buy rating. Analyst Kirk Materne shared more solid reasons for the upgrade, while maintaining a 44 price target on Oracle stock, in a research note Wednesday. “Given the lack of near-term catalysts, we expect our more positive view on the stock to play out over the next few quarters, not the next few Scalper1 News
Scalper1 News