Citi analyst Mitsunobu Tsuruo downgraded Oracle Corp. Japan to Neutral from Buy with an unchanged price target of 11,000 yen. The analyst reduced estimates to reflect the company’s “cloud cost burden.”
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>