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In a report published Wednesday, Morgan Stanley analyst Keith Weiss reiterated an Equal-Weight rating on
Oracle CorporationORCL, but removed the $45.00 price target.
In the report, Morgan Stanley noted, “OOW meetings point to ORCL's steady progress in Cloud Apps and highlight clear evidence of the stickiness of Oracle's solutions and pricing models, which should sustain high single digit organic EPS growth. However, we don't see the step-function in adoption needed to re-rate the stock and remain EW.”
Oracle Corporation closed on Tuesday at $38.28.
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