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Oracle Started as an “Outperform” at BMO Capital (ORCL)

By Dividend.com,  March 11, 2011, 09:00:10 AM EDT

Enterprise software giant Oracle Corporation ( ORCL ) on Friday saw its coverage initiated with an "Outperform" rating by analysts at BMO Capital.

The firm also set a $42 price target on ORCL, which suggests a massive 32% upside to the stock's Thursday closing price of $31.80.

Last month, Oracle's price target was boosted at FBR Capital.

Oracle shares were mostly flat in premarket trading Friday.

The Bottom Line
Shares of Oracle ( ORCL ) have a .63% dividend yield, based on last night's closing stock price of $31.80. The stock has technical support in the $28-$30 price area. If the shares can firm up, we see overhead resistance around the $33-$36 price levels.

Oracle Corporation ( ORCL ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: ORCL



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