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Oracle Challenges Spark Caution; Estimates Lowered

2015-01-09 05:40:26| IT Services - Topix.net

That's the message from Steve Koenig, an analyst for Wedbush Securities, who on Thursday lowered his earnings and revenue estimates for this year and next year, citing uncertain currency issues and "cautious assumptions" for software and hardware support sales. He rates Oracle stock neutral, with a 42 price target.

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