Oracle Higher After Being Added To Conviction Buy List At Goldman Sachs
Oracle Corporation (NYSE: ORCL) shares are trading higher by $0.63 at $37.93 in Monday's session. The catalyst for the rally is the issue being added to the Conviction List at Goldman Sachs. Analyst Heather Bellini maintained her Buy rating and raised her price target from $45 to $47.
After a higher open, it retreated $0.13 to $37.56 before resuming its move higher. The ensuing rally has found resistance ahead of Friday's high ($38.80), only reaching $38.39 before falling back to the $28 area.
Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.
Do you like this article? Do you have suggestions for improvement? Please email email@example.com
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.