UPDATE - Canaccord Genuity Downgraded Oracle (ORCL) to Hold; Two Quarter Penalty Box
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Price: $146.47 +3.10%
Rating Summary:
48 Buy, 21 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
48 Buy, 21 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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UPDATE - Canaccord Genuity downgraded Oracle (NASDAQ: ORCL) from Buy to Hold, price target lowered from $38 to $28.
Canaccord analyst, Richard Davis, said, "Oracle posted a substantial shortfall for a company that is typically quite predictable. We expect the shares to trade sideways for the next two to three quarters."
"ORCL should not be rated a Buy because even after a probable dead cat bounce Oracle will have to rebuild confidence that the firm is not is not headed to Microsoft's (Nasdaq: MSFT) valuation level (7x) over the next few years. Therefore, we can no longer rate ORCL a Buy."
To see more ratings on ORCL, Click Here
Canaccord analyst, Richard Davis, said, "Oracle posted a substantial shortfall for a company that is typically quite predictable. We expect the shares to trade sideways for the next two to three quarters."
"ORCL should not be rated a Buy because even after a probable dead cat bounce Oracle will have to rebuild confidence that the firm is not is not headed to Microsoft's (Nasdaq: MSFT) valuation level (7x) over the next few years. Therefore, we can no longer rate ORCL a Buy."
To see more ratings on ORCL, Click Here
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