Jefferies Maintains Hold on Oracle (ORCL) Post Q3; PT to $37

Jefferies analyst Ross MacMillan bumped current quarter estimates and his price target on Oracle (NASDAQ: ORCL) from $36 to $37, although their is no change to the firm's overall view and its Hold rating was maintained.

MacMillan comments, "ORCL's F3Q14 results were largely in line with expectations, with some puts ($0.02 currency devaluation impact) and takes (continued strong HW, lower than expected tax rate). While Cloud bookings improvement is positive, we still don't see anything in results/guidance that argues strongly for a change in our view at this point."

Q4 EPS goes from $0.93 to $0.94.

For an analyst ratings summary and ratings history on Oracle click here. For more ratings news on Oracle click here.

Shares of Oracle closed at $31.25 yesterday.

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