Oracle price target lowered to $105 from $115 at DA Davidson

DA Davidson lowered the firm’s price target on Oracle to $105 from $115 and keeps a Neutral rating on the shares. The company reported “fine results” to start its fiscal year but disappointed investors with weak guidance for the upcoming quarter, the analyst tells investors in a research note. While healthy cloud growth was emphasized in the quarter, the long term drivers of growth are not benefiting Oracle’s business as quickly as expected, the analyst tells investors in a research note. The firm continues to believe high single digit growth “might be unsustainable” for Oracle given Cerner integration risks and data center competition