Craig-Hallum lowered the firm’s price target on Rimini Street (RMNI) to $2.60 from $3 and keeps a Hold rating on the shares. Rimini Street has decided to walk away from their PSFT business after a decade of legal wrangling with Oracle (ORCL) regarding the legality of that portion of the revenue stream, the firm notes. This move should greatly reduce the attack profile for Oracle to continue pursuing them.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RMNI: