Jefferies Slightly Adjusts PT and Estimates on Oracle (ORCL); In-line Good Enough Given Sentiment

June 19, 2012 7:47 AM EDT Send to a Friend
Get Alerts ORCL Hot Sheet
Price: $40.63 --0%

Rating Summary:
    23 Buy, 15 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 8 | Down: 14 | New: 4
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Jefferies maintains a 'Hold' on Oracle (NASDAQ: ORCL) price target of $32.00 (from $31.00).

Analyst, Ross MacMillan, said, "ORCL reported in-line F4Q12 revs and slightly better NG EPS (due to lower tax/FDS). F1Q13 guide was below consensus on NG revenue, but in-line on NG EPS; that is likely good enough given sentiment."

MacMillan raised FY12 EPS estimate from $2.43 to $2.46, FY13 from $2.60 to $2.62 and FY14 from $2.82 to $2.86.

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 $27.12 yesterday.




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