Jefferies Downgrades Oracle (ORCL) to Hold Citing Increasing Challenges to Growth
Tweet
Share
E-mail
Get Alerts ORCL Hot Sheet
Price: $142.07 --0%
Rating Summary:
48 Buy, 21 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 5 | New: 19
Rating Summary:
48 Buy, 21 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 5 | New: 19
Join SI Premium – FREE
Jefferies downgraded Oracle (NASDAQ: ORCL) from Buy to Hold with a price target of $32 (from $35).
The firm comments, ": i) challenges with the engineered systems strategy; ii) building threats to the core relational database business; and iii) recent checks that were underwhelming. We lower our FY13 ests, introduce FY14 and lower our PT to $32."
FY13 EPS was cut from $2.51 to $2.48 and FY14 was introduced at $2.62.
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 $30.13 yesterday.
The firm comments, ": i) challenges with the engineered systems strategy; ii) building threats to the core relational database business; and iii) recent checks that were underwhelming. We lower our FY13 ests, introduce FY14 and lower our PT to $32."
FY13 EPS was cut from $2.51 to $2.48 and FY14 was introduced at $2.62.
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 $30.13 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Jefferies Downgrades Alfen (ALFEN:NA) (ALFNF) to Hold
- Jefferies Starts LunR Royalties Corp (LUNR:CN) at Buy
- Jefferies Starts Hecla Mining (HL) at Hold
Create E-mail Alert Related Categories
Downgrades, Hot DowngradesRelated Entities
Jefferies & CoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
