Facebook, Oracle Get Some ‘Likes’; Analysts Navigate Away From Garmin

In Thursday’s Analysts' Actions, Wall Street firms take a close look at Facebook (FB), Oracle (ORCL), and Garmin (GRMN).
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In Thursday’s Analysts' Actions, Wall Street firms take a close look at Facebook (FB), Oracle (ORCL), and Garmin (GRMN). Analysts are upbeat on social media giant Facebook, despite its post earnings sell-off action. Analysts at Deutsche Bank raised its price target to $115 with a BUY rating, and Piper Jaffray analysts hiked their price target to $146 from $120. Analysts at Jefferies upgraded Oracle to BUY from HOLD with a higher price target of $50. The firm cited the software giant’s relevance in the shift to Cloud, and expects to see decent growth in the longer term. And, analysts at JPMorgan Chase downgraded Garmin to their lowest rating of UNDERWEIGHT from NEUTRAL. The firm also issued a lower price target of $40, saying Garmin’s fitness segment is slowing down. TheStreet's Kurumi Fukushima reports in New York.