Goldman Sachs Removes Oracle (ORCL) to Buy from Conviction Buy List

January 25, 2013 7:35 AM EST Send to a Friend
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Price: $38.83 -1.89%

Rating Summary:
    21 Buy, 18 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 10 | Down: 21 | New: 42
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Goldman Sachs removed Oracle (NASDAQ: ORCL) from its Conviction Buy List but maintained a Buy rating and raised its price target from $37 to $39.

While Goldman sees upside to estimates in coming quarters given easier compares and moderating declines in the hardware business, they said the magnitude of upside risk has moderated somewhat near-term.

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 $34.94 yesterday.

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