NEW YORK, July 1 (newratings.com) - Analysts at Caris & Company initiate coverage of Oracle Corp (ticker: ORCL) with an "above average" rating. The 12-month target price is set to $25.
In a research note published this morning, the analysts
mention that the company is poised to benefit from a recovery in global IT spending and gain share of the enterprise application segment. Oracle (NASDAQ:
ORCL -
news) 's market position is likely to get a boost from the recent acquisition of Java, the analysts add.
© 2009 New Ratings
Send Article by Email
Send Article by IM
Blog This with Y! 360
Printable View
