Citi lowered the firm’s price target on Oracle to $128 from $133 and keeps a Neutral rating on the shares. The firm sees a “mixed set-up” into the company’s fiscal Q4 report and awaits more consistency. After a strong bookings quarter in Q3, Citi is looking for fewer surprises in Q4 with more limited positive revisions, the analyst tells investors in a research note. The firm’s reseller survey suggested slightly weaker channel performance in Q4 while investor sentiment “looks to be more constructive” given the strong bookings in Q3, the analyst notes.
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