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.

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