Oracle price target raised to $85 from $81 at Barclays

Barclays raised the firm’s price target on Oracle to $85 from $81 and keeps an Equal Weight rating on the shares. The analyst views the fiscal Q3 report as an "in-between quarter" for Oracle. Results were in-line with consensus across the board, and guidance was a little better, the analyst tells investors in a research note. Management’s tone was very bullish again, but the Q3 numbers in itself did not represent a catalyst, and hence many investors will remain skeptical, contends the firm.