Evercore ‘not expecting any surprises’ from Oracle

Evercore ISI analyst Kirk Materne remains on the sidelines into Oracle’s fiscal Q3 report, though the firm said in a preview that it is "not expecting any surprises" and expects Oracle to deliver "solid" results. Though the firm expects Oracle to remain "a solid defensive idea as long as there are concerns about the Fed and rising interest rates," and believes the bar for Oracle is "fairly low," it keeps an In Line rating and $87 price target on the shares ahead of the upcoming report.