Morgan Stanley Reiterates Overweight Rating, $36 PT on Oracle Corporation
In a report published Monday, Morgan Stanley reiterated its Overweight rating and $36.00 price target on Oracle Corporation (NASDAQ: ORCL).
Morgan Stanley noted, “Ramping sales productivity, growing Fusion Apps. momentum and continued strength in Exa-series should become more visible via accelerating license growth in Q2, despite an uneven macro. At 11X CY13 EPS, shares do not reflect ORCL's ability to sustain mid-to-high teens EPS growth long term.”
Oracle Corporation closed on Friday at $31.96.
Latest Ratings for ORCL
|Jun 2016||JP Morgan||Upgrades||Underweight||Neutral|
|Jun 2016||Cowen & Company||Initiates Coverage on||Outperform|
|Jun 2016||Deutsche Bank||Maintains||Hold|
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