UPDATE: Deutsche Bank Color On ORCL Target Increase

Deutsche Bank, which raised its PT on shares of Oracle ORCL, is providing some color on the stock. “We attended 3 of Oracle's Storage Summit conferences in New Jersey, NYC and Boston,” Deutsche Bank writes. “Attendance at the events was not as high as we would have expected. Some of the attendees were learning about new products and other looking for ways to leverage existing solutions. “The events were used to pitch the high-end Exadata product, which we think has outstanding performance, but will be successful in a niche area of the $45b+ server market.” Oracle closed Thursday at $34.75.