Oracle Corporation (ORCL) Message Board

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Technology Stocks : Oracle Corporation (ORCL)

ORCL 227.00

-3.9%

Nov 12 3:59 PM EST

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From: ge	8/11/2003 11:37:36 AM
	Read Replies (1) of 19079

Oracle upped to buy at Merrill LONDON (CBS.MW) -- Merrill Lynch Monday raised its rating on Oracle Corp. ORCL to a buy, telling clients it believes "the downside in the stock is limited and the company has good exposure and leverage to a gradual economic recovery." The broker set a $15 price target on the stock. "While there are still a few weeks left in the quarter we believe business is tracking well and should land within the revenue guidance range of 4-7 percent growth," Merrill said. Shares were marked up at $11.90 in euro trading in Frankfurt, up from a $11.29 close Friday in New York. Trading ahead of the open in New York was very thin.

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