UPDATE: Oracle (ORCL) Sees Q2 EPS of $0.66-$0.70 vs Est of $0.74

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Go back to UPDATE: Oracle (ORCL) Sees Q2 EPS of $0.66-$0.70 vs Est of $0.74

Deutsche Bank Downgrades Oracle (ORCL) to Hold

September 19, 2014 6:50 AM EDT

Deutsche Bank downgraded Oracle (NYSE: ORCL) from Buy to Hold with a price target of $42.00 (from $48.00). Yesterday after-the-close Oracle reported Q1 results and guidance. It also announced a CEO change.

"Despite Oracles successful push into cloud apps (now 5% of the total revs mix), our call on Oracle shares ultimately begins and ends with the health of its core database business. This business unexpectedly decelerated in 3QF14 and especially 4QF14 yet we... More