Goldman Sachs Maintains CL-Buy on Oracle

Goldman Sachs is out with its report today on Oracle

, maintaining CL-Buy. In its report, Goldman Sachs writes, "Oracle remains a name that we see as offering both offensive and defensive characteristics and as such it remains a CL-Buy. At $30, Oracle shares trade at 12X our CY12 EPS estimate of $2.56. Our 12-month price target of $35 is based on an equal weighting of our DCF, P/E, and EV/sales analysis." Shares of ORCL closed Thursday at $30.07, up 1.90% from Wednesday's close.