Oracle: Jefferies downgrades stock

(CercleFinance.com) - Jefferies has downgraded its rating on the Oracle share from "buy" to "hold" while cutting its corresponding target price from 66 dollars to 60 dollars, preferring Microsoft in a report on the IT sector.


"The company loses ground in the infrastructure business as workloads migrate to the cloud," says the broker, which has cut its 2021 estimates for the corporate software publisher.


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