New Oracle Autonomous Cloud Services Ease Mobile Development, Data Integration

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Oracle (ORCL) PT Lowered to $60 at Nomura/Instinet Ahead of 4Q Release

June 14, 2018 6:43 AM EDT

Nomura/Instinet lowered its price target on Oracle (NYSE: ORCL) to $60.00 (from $64.00) while maintaining a Buy rating ahead of the companies 4Q report. Expectations have come down since cloud revenue disappointed in 3Q, and the stock has underperformed the NA Software Index by 13pp.... More