UBS Reiterates Buy Rating on Oracle (ORCL) Following CFO Appointment

UBS analyst Karl Keirstead reiterated a Buy rating and $250.00 price target on Oracle (NYSE: ORCL).

The analyst commented, "This morning Oracle announced the appointment of Hilary Maxson – the current CFO of Schneider Electric ($45 billion in revs, 160k+ employees) - as the new CFO, succeeding Doug Kehring, who was in the seat for just seven months or so. Oracle is positioning this change as being a planned transition and in general, we view this change as being favorable. We remain Buy-rated on Oracle shares."

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 $145.54 yesterday.

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