Oracle slides 4.1% after Cowen cuts target to $240
Oracle fell about 4.1% to $142.995 after TD Cowen cut its price target from $300 to $240 but kept a Buy rating.
Oracle NYSE:ORCL, the enterprise-software and AI cloud giant, tumbled approximately 4.1% to $142.995 Tuesday after TD Cowen chopped its price target from $300 to $240.
The firm kept its Buy rating, but the message was clear: Oracle's October analyst meeting must deliver convincing cloud-growth targ…