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Oracle industry checks ‘largely positive’ ahead of Q4 results, says Citizens JMP

Citizens JMP maintained an Outperform rating and $205 price target on Oracle (ORCL) shares ahead of the Q4 results. The firm’s industry checks came back largely positive, telling investors in a research note that NetSuite seems to be doing “particularly well.” While Oracle missed the top and bottom lines on an as-reported basis the last two quarters, Citizens views the stock as an attractive opportunity for long-term capital appreciation.

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