|Back to main|
Citigroup Cuts Earnings Estimates for Oracle (ORCL)
5/25/2010 9:18:00 AM
Enterprise software giant Oracle Corporation ( ORCL ) saw its earnings estimates lowered on Tuesday by analysts at Citigroup.
The firm said it cut its estimates on ORCL through 2011, noting the company's European exposure. Still, Citigroup maintained its "Buy" rating on the stock, and introduced a new $28 price target.
Oracle shares, which had closed at $22.28 on Monday, fell 53 cents, or -2.4%, in premarket trading Tuesday.
The Bottom Line
Oracle Corporation ( ORCL ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.