Deutsche Bank Maintains Hold on Oracle

Deutsche Bank is out with its report today on Oracle ORCL, reiterating Hold. In a note to clients, Deutsche Bank writes, "Oracle is the leader in database and middleware software and has recently entered the server market through the acquisition of Sun's hardware. We believe that organic growth is the best indicator of past and future business momentum, as the company is a large consolidator and has done numerous acquisitions over the past decade. In our opinion, bullishness on the stock is driven by possibility of future announcements of large acquisitions, but the 'low hanging fruit' have already been purchased and valuations of possible targets have increased over the course of this year. As a result, we are reiterating our Hold rating and $30PT." At the time of posting, shares of ORCL were trading at $32.33, even with Friday's close.