UPDATE: Societe Generale Reiterates Hold Rating, Raises PT on Oracle Corporation
In a report published Friday, Societe Generale reiterated its Hold rating on Oracle Corporation (NASDAQ: ORCL), and raised its price target from $35.00 to $36.50.
Societe Generale noted, “Following Oracle's Q2 FY13 (to end-November) results published on 18 December and the recent acquisition of Eloqua, we upgrade our FY13 EPS estimates by 5%. Our new forecasts lead us to increase our TP from $35 to $36.5 but we maintain our Hold rating (projected TSR 7.2%).”
Oracle Corporation closed on Thursday at $34.30.
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Tags: Societe Generale