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UPDATE: Societe Generale Reiterates Hold Rating, Raises PT on Oracle Corporation

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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.

Latest Ratings for ORCL

DateFirmActionFromTo
Jul 2016Atlantic EquitiesDowngradesOverweightNeutral
Jul 2016BTIG ResearchMaintainsBuy
Jul 2016BMO CapitalUpgradesMarket PerformOutperform

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Posted-In: Societe GeneraleAnalyst Color Price Target Analyst Ratings

 

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