Barclays Reiterates Overweight Rating on Oracle (February)

Barclays analyst Raimo Lenschow reiterated an Overweight rating and $310.00 price target on Oracle (NYSE: ORCL).

“We see ORCL shares higher post the proposed raise of $45-50bn (approx. 1/2 through equity/equity-linked issuances) of gross cash proceeds.

The transactions alleviate pressure for the credit story (incl. maintaining its IG rating) and gives clarity about the financing needs for the year.”

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