Jefferies Lowers Numbers on Oracle (ORCL), Keeps Buy Rating
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Price: $25.77 -11.66%
Rating Summary:
13 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
13 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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Jefferies trimmed estimates and its price target on Oracle (NASDAQ: ORCL) but kept its Buy rating.
Q4 EPS goes from $0.57 to $0.56, FY11 from $2.40 to $2.39 and FY12 from $2.65 to $2.59. The price target moves down from $37 to $36.
The firm comments, "Our work indicates a downtick in EMEA and in Applications, although some large deals could offset some of the impact. Overall we are a bit more cautious. But given ORCL's relatively defensive business model, operating margin expansion and valuation, we maintain our Buy."
For an analyst ratings summary and ratings history on Oracle click here. For more ratings news on Oracle click here.
Shares of Oracle closed at $31.73 yesterday.
Q4 EPS goes from $0.57 to $0.56, FY11 from $2.40 to $2.39 and FY12 from $2.65 to $2.59. The price target moves down from $37 to $36.
The firm comments, "Our work indicates a downtick in EMEA and in Applications, although some large deals could offset some of the impact. Overall we are a bit more cautious. But given ORCL's relatively defensive business model, operating margin expansion and valuation, we maintain our Buy."
For an analyst ratings summary and ratings history on Oracle click here. For more ratings news on Oracle click here.
Shares of Oracle closed at $31.73 yesterday.
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