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.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.