NEW YORK (TheStreet) -- Shares of Oracle (ORCL) - Get Report  closed lower on Friday as Stifel reduced the information technology company's stock price target to $45 from $48. 

The firm also removed Oracle from its "Select List" but maintained its "buy" rating, according to TheFly.

Oracle's presence as a service company is "still quite nascent," Stifel noted. 

The Redwood City, CA-based company will need to significantly raise its overall capital expenditures in order to compete with leaders in the service space, the firm added. 

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:

TheStreet Ratings team rates Oracle as a Hold with a ratings score of C+. The primary factors that have impacted the rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year and reasonable valuation levels. However, as a counter to these strengths, it finds that the company has favored debt over equity in the management of its balance sheet.

You can view the full analysis from the report here:


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